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Financings

Algernon Health closes second tranche of financing

By The Northwire Desk — AI Analysis Nov 28, 2025 · 20:25 AGN · 0.08 Algernon Health Inc
AGN · Price

Executive Summary

  • Algernon Health Inc. has closed the second tranche of its non-brokered private placement, raising $210,000.
  • The tranche consisted of the sale of 3 million units at a price of $0.07 per unit.
  • Proceeds are designated for advancing the Alzheimer's disease program, opening the first U.S. AD clinic, general and administrative expenses, and working capital.

Key Details

  • Transaction Structure: Non-brokered private placement.
  • Gross Proceeds: $210,000.
  • Units Sold: 3,000,000 units.
  • Issue Price: $0.07 per unit.
  • Finders' Fees: No cash finders' fees were paid for this tranche.
  • Use of Proceeds: Advancing Alzheimer's disease (AD) program, opening the first U.S. AD clinic, general and administrative expenses, and working capital.
  • Securities Terms: Securities are subject to a statutory hold period of four months plus one day from the date of issuance under Canadian securities legislation.
  • Timeline Context: This follows the first tranche, which closed on November 14, 2025, and the initial announcement on November 6, 2025.
Read the original news release →

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