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Bright Minds Biosciences Announces Launch of US$100 Million Public Offering

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NEW YORK, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Bright Minds Biosciences Inc. (CSE: DRUG) (NASDAQ: DRUG)...

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Corporate Developments

The funding will directly influence the prospects of the company's drug development, likely impacting investor sentiment and stock price. A successful outcome in their drug trials could lead to market breakthroughs and increased revenue, hence the consideration for a moderate importance score.

FAQ

Why Bullish?

The capital raised will support crucial trial phases and R&D, potentially increasing market confidence. Historical trends show biotech firms often see positive price movements following successful funding announcements, especially if the R&D pipeline appears promising.

How important is it?

The funding will directly influence the prospects of the company's drug development, likely impacting investor sentiment and stock price. A successful outcome in their drug trials could lead to market breakthroughs and increased revenue, hence the consideration for a moderate importance score.

Why Long Term?

Investment in trials and R&D leads to potential successful products in the future. Successful trial outcomes can significantly lift stock value over the long term, as seen with other biotech firms' stock prices after clinical success.

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Bright Minds Biosciences Launches $100 Million Public Offering

On January 6, 2026, Bright Minds Biosciences Inc. (CSE: DRUG; NASDAQ: DRUG) announced the initiation of a public offering aimed at generating up to US$100 million. This move allows investors to acquire common shares or opt for pre-funded warrants to purchase common shares, marking a strategic step toward funding the company's growth initiatives.

Details of the Public Offering

The proposed public offering includes the sale of Common Shares, with an additional 30-day option for underwriters to purchase up to 15% more of the shares sold in the offering. Bright Minds intends to utilize the net proceeds for various initiatives, including:

  • Funding future clinical trials for drug candidates targeting absence seizures, DEE, and Prader-Willi Syndrome.
  • Initiating Phase 1 clinical trials for BMB-105.
  • Enhancing research and development efforts for earlier-phase programs.
  • Covering general corporate and working capital expenses.

Underwriters and Regulatory Compliance

Bright Minds has enlisted Jefferies, TD Cowen, Piper Sandler & Co., and Cantor as joint book-running managers for this offering. A shelf registration statement on Form F-3 was filed with the U.S. Securities and Exchange Commission (SEC) and was declared effective on September 2, 2025.

The offering will proceed through a prospectus and a prospectus supplement, both of which are part of the Registration Statement. Interested investors can access these documents via the SEC’s EDGAR database or request copies directly from the underwriters.

Important Considerations for Investors

This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities. All offers and sales will comply with the registration requirements set forth in the Securities Act of 1933, as amended.

About Bright Minds Biosciences

Bright Minds is a pioneering biotechnology company focused on developing innovative treatments for neurological and psychiatric disorders. The company’s diverse pipeline showcases newly developed compounds that target critical brain receptors, aiming to address high unmet medical needs in areas such as epilepsy, depression, and other central nervous system (CNS) conditions.

Bright Minds has established a unique platform of highly selective serotonergic agonists, which demonstrates efficacy at various serotonergic receptors, positioning the company for future growth in neurology and psychiatry.

Contact Information

For more information, please contact:

Investor relations contact:

Forward-Looking Statements

This article includes forward-looking statements regarding Bright Minds’ expectations, estimates, and projections related to the public offering and its anticipated uses of proceeds. These statements involve risks, uncertainties, and other factors that may lead to actual results differing materially from those anticipated.

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