Direct Offering

Genenta Science (GNTA) announced a $15.0 million registered direct offering on October 27, 2025, involving 4,285,715 American Depositary Shares (ADSs) sold to institutional investors at $3.50 per ADS. Maxim Group LLC and Rodman & Renshaw LLC acted as placement agents. The offering is expected to close around October 28, 2025, with net proceeds intended for working capital and general corporate purposes, potentially advancing clinical trials of its Temferon technology. The offering is being made under a shelf registration statement previously filed with the SEC.

YY Group (YYGH) closed a registered direct offering, raising $4.0 million. The offering included 9,523,812 Class A shares at $0.42 each, plus warrants for up to 14,285,718 additional shares at $0.50, exercisable within 3.5 years. FT Global Capital was the placement agent. Proceeds will fund working capital and general corporate activities. The offering was made under a shelf registration statement.

Cognition Therapeutics (CGTX) announced a $30 million direct offering of 14.7 million common shares to two new institutional investors. Closing is expected around August 29, 2025. Proceeds will fund Phase 3 program preparation for zervimesine in neurodegenerative disorders, working capital, and general corporate purposes. Titan Partners Group acted as the sole placement agent. This secures funding to advance zervimesine to Phase 3 trials, however, the offering causes share dilution.

Erayak Power Solution Group (NASDAQ: RAYA) closed a registered direct offering, selling 30,612,246 Class A ordinary shares (or equivalents) at $0.098 per share. This generated approximately $3 million in gross proceeds before deducting fees and expenses. The offering also included pre-funded warrants priced at $0.098 with a minimal exercise price.

Patriot National Bancorp (PNBK) completed a registered direct offering, raising $10.65 million through the issuance of common stock. This follows a previous $50 million private placement, bolstering investor confidence in Patriot Bank’s growth. The offering strengthens the bank’s capital base, enabling it to execute its strategic vision. Performance Trust Capital Partners, LLC, Blank Rome LLP, and Robinson & Cole LLP advised on the offering.