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Dermata Therapeutics Announces Exercise of Warrants for $6.2 Million in Gross Proceeds Priced At-the-Market Under Nasdaq Rules

1. Dermata Therapeutics exercises outstanding warrants for 4.83M shares at reduced price. 2. The execution of these warrants signifies potential shareholder dilution but provides liquidity.

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FAQ

Why Bearish?

The significant share dilution can negatively influence DRMA's stock price, akin to historical cases where warrant exercises led to price drops in biotech firms.

How important is it?

The announcement directly affects share structure and liquidity, key factors for investors.

Why Short Term?

Immediate execution of warrants suggests short-term price effects, typically influencing market perception quickly.

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DRMAWABCLVKTXKZRSRNE
SAN DIEGO, CA / ACCESS Newswire / March 27, 2025 / Dermata Therapeutics, Inc. (NASDAQ:DRMA)(NASDAQ:DRMAW) ("Dermata," or the "Company"), a late-stage biotechnology company focused on the treatment of medical skin diseases and aesthetic applications, today announced the entry into a definitive agreement for the immediate exercise of certain outstanding warrants to purchase an aggregate of 4,834,470 shares of the Company's common stock, having exercise prices of $1.58 and $4.91 per share, issued by Dermata in September 2024 (with respect to 3,825,138 warrants) and May 2024 (with respect to 1,009,332 warrants), at a reduced exercise price of $1.284 per share. The shares of common stock issuable upon exercise of the warrants are registered pursuant to effective registration statements on Form S-3 (File Nos.

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