Northwire Canada EditionTuesday, August 25, 2026
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GOLD 4697.80 +0.4% SILVER 68.59 −1.4% COPPER 6.61 +0.3% OIL 85.01 −2.4% PALLADIUM 1359.75 +0.7% NVO 0.070 +0.0% SRA 0.780 +0.0% TUK 0.020 −20.0% GWM 0.610 −4.7% MINE 0.110 +0.0% EGM 0.100 +0.0% IRO 1.11 +2.8% CBR 1.41 +2.5% CTN 0.045 +0.0% GMX 2.06 +2.0% NPR 0.700 −2.8% CGD 1.28 +8.5% CRE 0.390 +13.0% PE 0.250 +0.0% PER 0.150 +7.1% SVRS 0.540 +8.0% GOLD 4697.80 +0.4% SILVER 68.59 −1.4% COPPER 6.61 +0.3% OIL 85.01 −2.4% PALLADIUM 1359.75 +0.7% NVO 0.070 +0.0% SRA 0.780 +0.0% TUK 0.020 −20.0% GWM 0.610 −4.7% MINE 0.110 +0.0% EGM 0.100 +0.0% IRO 1.11 +2.8% CBR 1.41 +2.5% CTN 0.045 +0.0% GMX 2.06 +2.0% NPR 0.700 −2.8% CGD 1.28 +8.5% CRE 0.390 +13.0% PE 0.250 +0.0% PER 0.150 +7.1% SVRS 0.540 +8.0%
Financings Routine −

Hemostemix' $1,000,000 Private Placement and Update

Micro-cap Biotech Cuts Financing Price in Half Amid Restatement and Going Concern Warnings

By The Northwire Desk — AI Analysis Jun 17, 2026 · 17:23 HEM · 0.055 Hemostemix Inc.
Executive Summary
  • On June 17, 2026, Hemostemix announced the closing of a $1,000,000 private placement priced at $0.05 per unit, comprising common shares and warrants.
  • The company simultaneously filed restated unaudited interim financial statements and MD&A for the nine months ended September 30, 2025.
  • The restatement was triggered by a material misstatement in the accounting treatment of Therapeutic Convertible Debentures (TCDs), which are now classified as Fair Value Through Profit or Loss (FVTPL) under IFRS 9.
  • Adjustments are primarily non-cash, affecting liabilities, professional fees, foreign exchange, and finance expenses, with no direct impact on cash position or business strategy.
  • The original Q3 2025 statements filed on November 28, 2025, are explicitly declared no longer reliable.
Material Impact
  • The $0.05 placement price represents a ~50% discount to prior private placements priced at $0.11–$0.125, signaling acute liquidity stress and a loss of pricing power in the capital markets.
  • The financial restatement, while non-cash, highlights internal control weaknesses and undermines historical financial credibility. The voiding of Q3 2025 statements complicates investor and partner due diligence.
  • Dilution is severe: the new issuance adds to an existing overhang of 106 million warrants and 14.3 million options, further pressuring the share count.
  • The $1M raise only partially covers the $1.37M working capital deficit and ongoing quarterly burn, meaning the company will likely need additional capital within 6–12 months.
HEM · Price
Company Overview
  • Hemostemix Inc. is a pre-revenue clinical-stage biotech developing ACP-01 (VesCell), an autologous angiogenic cell precursor therapy.
  • Target indications include chronic limb-threatening ischemia (CLTI), refractory angina, cardiomyopathy, and vascular dementia.
  • Commercialization efforts are underway in Florida (under SB 1768), The Bahamas, and Canada, with a strategic focus on underserved and Indigenous communities.
  • The company is advancing a Phase 1 basket protocol following FDA pre-IND feedback, aiming to evaluate ACP-01 across multiple ischemic and vascular conditions.
Read the original news release →

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