Kane Biotech (OTC: KNBIF) announced a non‑brokered private placement to issue up to 16 million common shares at $0.05 per share, targeting gross proceeds of up to $800,000. The capital will be used for working capital and general corporate purposes. Certain insiders may participate. Closing is expected around December 17 2025. All issued shares will be subject to a four‑month and one‑day hold period. The offering requires approval from the TSX Venture Exchange and will not be registered in the United States.
Positive
- Raises up to $800,000 to strengthen liquidity.
- Proceeds earmarked for working capital and broader corporate needs.
- Hold period limits immediate resale, supporting price stability.
Negative
- Issuing up to 16 million shares could dilute existing shareholders.
- Insider participation may increase concentration of insider ownership.
- Closing and funding remain contingent on TSX Venture Exchange approval.
Not for distribution to U.S. news wire services or dissemination in the United States
WINNIPEG, Manitoba—Nov. 27 2025 (GLOBE NEWSWIRE) — Kane Biotech Inc. (TSX‑V: KNE) disclosed plans for a non‑brokered private placement of up to 16 million common shares at $0.05 per share, aiming for gross proceeds of $800,000.
The net proceeds are slated for working capital and general corporate purposes, providing the cash runway needed to advance the company’s wound‑care platform. Insiders may also participate, and the transaction is expected to close on or about December 17 2025, subject to TSX Venture Exchange approval.
All shares issued in the offering will be subject to a lock‑up period of four months and one day, preventing immediate resale and helping to mitigate short‑term price volatility.
The offering does not constitute an offer in jurisdictions where such an offer would be unlawful. The securities will not be registered under the U.S. Securities Act and may not be sold to U.S. persons.
Business and Technical Analysis
From a capital‑structure perspective, Kane Biotech’s decision to raise $800,000 through a low‑price equity placement reflects both the capital‑intensive nature of biotech development and the limited cash resources typical of early‑stage firms. While the dilution impact is modest in absolute terms, it represents a notable increase in the share count—potentially compressing earnings per share (EPS) once the company moves toward revenue generation.
Strategically, the injection of working‑capital aligns with the company’s focus on commercializing its revyve® wound‑care line, which targets biofilm‑related infections—a growing market segment as antibiotic resistance escalates worldwide. The FDA 510(k) clearance of revyve® Antimicrobial Wound Gel and Spray, together with Health Canada approval, positions Kane to tap into North American acute and chronic wound markets, which are projected to exceed $20 billion globally by 2028.
Technologically, revyve® leverages a proprietary formulation that disrupts bacterial biofilms while delivering sustained antimicrobial activity. This dual‑action approach differentiates it from conventional wound dressings that primarily address surface contamination. Successful market penetration could hinge on reimbursement pathways, clinical adoption in hospital settings, and the company’s ability to scale manufacturing while maintaining product quality.
However, the reliance on a limited product portfolio introduces concentration risk. Should regulatory or commercial hurdles arise—such as additional clinical data requirements or payer resistance—the company’s financial outlook could be adversely affected. Moreover, the forthcoming lock‑up period may delay liquidity for new investors, potentially limiting immediate market demand for the shares.
About Kane Biotech Inc. (TSX‑V: KNE)
Kane Biotech is developing innovative wound‑care solutions that target biofilm formation and bacterial infection. Its flagship product, revyve®, includes an antimicrobial wound gel and spray, both cleared by the U.S. Food and Drug Administration under the 510(k) pathway and approved by Health Canada.
FAQ
What is the size and price of Kane Biotech’s private placement?
Kane Biotech plans to issue up to 16 million shares at $0.05 per share, targeting gross proceeds of up to $800,000.
When is the expected closing date for the offering?
The transaction is expected to close on or about December 17 2025, pending required approvals.
How will the proceeds be used?
Net proceeds are earmarked for working capital and general corporate purposes.
Will the shares be immediately tradable?
No. All shares issued under the offering are subject to a four‑month and one‑day hold period.
Can U.S. investors participate?
No. The securities are not registered under the U.S. Securities Act and cannot be offered or sold to U.S. persons.
Does the private placement require regulatory approval?
Yes. The offering is subject to receipt of all necessary approvals, including approval from the TSX Venture Exchange.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward‑Looking Information: This press release contains forward‑looking statements that reflect management’s current expectations and assumptions. Actual results may differ materially due to risks related to the company’s financial condition, early‑stage development, regulatory environment, market acceptance, intellectual‑property protection, and capital structure. For a full discussion of these risks, refer to the company’s filings with the applicable securities regulators.
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