InvestorNewsBreaks – Rezolute Inc. (NASDAQ: RZLT) Announces Underwritten Public Offering, Concurrent Registered Direct Offering

Rezolute (NASDAQ: RZLT), a clinical-stage biopharmaceutical company developing transformative therapies for metabolic diseases associated with chronic glucose imbalance, has announced the pricing of an underwritten public offering. The offering consists of 6,030,847 shares of its common stock at a public offering price of $6.50 per share and of pre-funded warrants to purchase 1,661,461 shares of its common stock at a public offering price of $6.49 per pre-funded warrant, which represents the per share public offering price for the common stock less the $0.01 per share exercise price for each pre-funded warrant. Rezolute also announced the pricing of its concurrent registered direct offering to certain institutional investors that are current shareholders, of 769,231 shares of its common stock at a public offering price of $6.50 per share. Rezolute expects approximately $55 million in aggregate gross proceeds from the offerings. In addition, Rezolute has granted the underwriters a 30-day option to purchase up to an aggregate of 1,153,845 additional shares of its common stock in the underwritten public offering at the public offering price of $6.50 per share, before underwriting discounts and commissions. Roth Capital Partners acted as co-manager for the underwritten public offering. The registered direct offering is being made without an underwriter, placement agent, broker or dealer.

To view the full press release, visit https://ibn.fm/Q0j7P

About Rezolute Inc.

Rezolute is developing transformative therapies for metabolic diseases related to chronic glucose imbalance. The company’s lead clinical asset, RZ358, is in phase 2b development for treatment of congenital hyperinsulinism (“HI”), a rare pediatric endocrine disorder. The company is also developing RZ402, an orally available plasma kallikrein inhibitor, for the treatment of diabetic macular edema. For more information about the company, visit www.RezoluteBio.com.

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