Pasithea Therapeutics Prices 80M Shares at $0.75, Raising $60M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2025
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Source: Newsfilter
- Funding Scale: Pasithea Therapeutics announced the pricing of 80 million shares at $0.75 each, raising approximately $60 million, which will extend the company's cash runway through at least the first half of 2028.
- Use of Proceeds: The funds raised will be allocated for general corporate purposes, including ongoing research and clinical trials, aimed at advancing the development of PAS-004 and enhancing the company's competitiveness in the biotechnology sector.
- Investor Support: The public offering is led by several healthcare-focused investors, including Vivo Capital and Janus Henderson Investors, indicating strong market confidence in Pasithea's future growth prospects.
- Clinical Trial Progress: Pasithea is conducting clinical trials for PAS-004 targeting neurofibromatosis type 1-associated plexiform neurofibromas, and the funding will accelerate this project, bolstering the company's market position in cancer treatment.
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Analyst Views on KTTA
Wall Street analysts forecast KTTA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KTTA is 3.00 USD with a low forecast of 3.00 USD and a high forecast of 3.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.853
Low
3.00
Averages
3.00
High
3.00
Current: 0.853
Low
3.00
Averages
3.00
High
3.00
About KTTA
Pasithea Therapeutics Corp. is a biotechnology company focused on the discovery, research, and development of treatments for central nervous system (CNS) disorders and other diseases. The Company is advancing a pipeline of three therapeutic product candidates, with a focus on its lead product candidate, PAS-004, a macrocyclic mitogen-activated protein kinase, or MEK inhibitor. PAS-004 is a small molecule allosteric inhibitor of MEK 1 and 2 (MEK 1/2) for potential use in the treatment of a range of RASopathies, including neurofibromatosis type 1 (NF1) and a number of oncology indications, among others. Its remaining two programs, PAS-001 and PAS-003, are in the earlier stages of development and are based on novel targets for the treatment of CNS disorders that it believes address limitations in the treatment paradigm of the indications it plans to address, which are amyotrophic lateral sclerosis (ALS) for its PAS-003 program, and schizophrenia for its PAS-001 program.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Pasithea Therapeutics Closes $60M Public Offering of 80M Shares
- Successful Financing: Pasithea Therapeutics has completed a public offering of 80 million shares at $0.75 per share, raising approximately $60 million, which enhances the company's financial strength to support future R&D and clinical trials.
- Cash Runway Extension: This financing is expected to extend the company's cash runway through at least the first half of 2028, ensuring ongoing investment in new drug development and clinical trials, thereby enhancing market competitiveness.
- Clear Investment Direction: The company plans to use the proceeds for general corporate purposes, including ongoing research, clinical trials, and acquiring companies that complement its technologies, aiming to accelerate technological development and market expansion.
- Increased Market Confidence: The offering was led by several healthcare-focused investors, indicating strong market confidence in Pasithea's future development, which may attract more investor interest in its subsequent progress.
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