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Financings

XORTX Announces Pricing of US$1.1 Million Registered Direct Offering

By The Northwire Desk — AI Analysis Oct 21, 2025 · 08:00 XRTX · 1.1 XORTX Therapeutics Inc.
XRTX · Price

Executive Summary

  • XORTX Therapeutics entered into a securities purchase agreement for a registered direct offering of 1,746,631 common shares at US $0.63 per share.
  • The offering is expected to generate gross proceeds of approximately US $1.1 million, with closing anticipated on or about October 22, 2025.
  • Net proceeds will be used for working capital and general corporate purposes.

Key Details

  • Offering Size: 1,746,631 common shares (or equivalents).
  • Purchase Price: US $0.63 per share.
  • Gross Proceeds: Approximately US $1.1 million before placement agent fees and other expenses.
  • Closing Date: Expected on or about October 22, 2025, subject to customary conditions and TSX Venture Exchange approval.
  • Use of Proceeds: Working capital and general corporate purposes.
  • Placement Agent: D. Boral Capital LLC (sole placement agent).
  • Securities Registration: Issuance under an effective shelf registration statement on Form F‑3 (File No. 333-269429) declared effective by the SEC on February 3, 2023.
  • Prospectus Supplement: To be filed with the SEC; will be available on the SEC website and from D. Boral Capital LLC upon request.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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