Jupiter Neurosciences Secures Flexible Financing Agreements Worth Up to $20 Million
Financing Agreements: Jupiter Neurosciences, Inc. has secured two strategic financing agreements with Yorkville Advisors, potentially accessing up to $20 million to support its Phase 2 trial for Parkinson's disease and to enhance its Nugevia™ product line.
Use of Proceeds: The funds will primarily be allocated to the Phase 2 trial of JOTROL™, a resveratrol delivery platform, and to boost direct-to-consumer marketing for Nugevia™, along with general corporate purposes.
Key Financing Terms: The financing includes a $6 million pre-paid advance and an additional $14 million available under a standby equity purchase agreement, with specific conditions for repayment and stock issuance.
Company Overview: Jupiter Neurosciences focuses on CNS disorders and consumer longevity products, leveraging its proprietary JOTROL™ formulation to improve bioavailability and support health in areas like cognitive function and skin vitality.
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