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Dogwood Therapeutics, Inc. Announces Financing of up to $26.8 Million to Progress Halneuron® Through Phase 2b Development

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ALPHARETTA, Ga., Jan. 12, 2026 (GLOBE NEWSWIRE) -- Dogwood Therapeutics, Inc. (NASDAQ: DWTX) (“DWTX”...

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AI Summary

Dogwood Therapeutics announces $12.5 million registered direct offering. Proceeds will support Halneuron® development and other growth opportunities. The offering is priced at-the-market under Nasdaq rules. Greg Duncan emphasizes advancing non-opioid treatments for patients. Warrants may provide additional funding contingent on shareholder approval.

Sentiment Rationale

The capital from the offering strengthens DWTX's position for clinical trials, analogous to other successful biotech fundraises leading to positive developments.

Trading Thesis

The immediate impact arises from funding for ongoing trials, particularly for Halneuron®, with potential results influencing market perception quickly.

Market-Moving

  • Dogwood Therapeutics announces $12.5 million registered direct offering.
  • Proceeds will support Halneuron® development and other growth opportunities.
  • The offering is priced at-the-market under Nasdaq rules.

Key Facts

  • Dogwood Therapeutics announces $12.5 million registered direct offering.
  • Proceeds will support Halneuron® development and other growth opportunities.
  • The offering is priced at-the-market under Nasdaq rules.
  • Greg Duncan emphasizes advancing non-opioid treatments for patients.
  • Warrants may provide additional funding contingent on shareholder approval.

Companies Mentioned

  • DWTX (DWTX)
  • NDAQ (NDAQ)
  • CK Life Sciences (CK Life Sciences)

Corporate Developments

The offering directly facilitates critical clinical advancements, likely to influence market perceptions and DWTX’s valuation positively.

Dogwood Therapeutics (NASDAQ: DWTX) Announces $26.8 Million Financing for Halneuron® Development

ALPHARETTA, Ga., Jan. 12, 2026 – Dogwood Therapeutics, Inc. (NASDAQ: DWTX), a biopharmaceutical firm dedicated to developing innovative non-opioid medicines for pain management and neuropathy, has disclosed a securities purchase agreement that could yield up to approximately $26.8 million in gross proceeds. This financing effort comprises a $12.5 million registered direct offering and a concurrent private placement aimed at advancing the clinical development of Halneuron® through its ongoing Phase 2b trial.

Details of the Financing

Through this transaction, Dogwood Therapeutics will issue an aggregate of 4,386,037 shares of common stock, along with warrants to purchase an equivalent amount of common stock. The financing is structured as follows:

  • The share price is set at $2.85 per share.
  • Warrants will have an exercise price of $3.28 per share.
  • They will be exercisable upon shareholder approval and will expire five and a half years from that date.

These Offerings are expected to close on or about January 13, 2026, pending the customary closing conditions.

Use of Proceeds and Future Plans

Greg Duncan, Chairman and CEO of DWTX, stated, “We plan to utilize the net proceeds from the Offering to advance development of Halneuron® through the ongoing Phase 2b final data readout, while also pursuing strategic opportunities to fortify the Company’s research portfolio.”

This financing not only aims to support Halneuron's development—targeting chemotherapy-induced pain and neuropathy—but it also presents an opportunity to underpin Dogwood’s overall growth strategy.

Background on Dogwood Therapeutics

Dogwood Therapeutics specializes in developing novel therapies for pain management, including its lead candidate, Halneuron®. This drug has received fast track designation from the FDA for the treatment of chronic chemotherapy-induced neuropathic pain (CINP). Halneuron® leverages a unique mechanism as a non-opioid, NaV 1.7 analgesic to effectively reduce pain transmission.

Additionally, the company’s pipeline includes SP16 IV, a therapy aimed at preventing or repairing nerve damage post-chemotherapy.

Next Steps for Dogwood Therapeutics

This financing represents a pivotal moment for DWTX as it seeks to acquire capital necessary for Phase 3 development and to broaden its research efforts. Maxim Group LLC is serving as the sole placement agent for these offerings.

Regulatory Compliance and Forward-Looking Considerations

The Registered Offering is executed under an effective shelf registration statement on Form S-3. A prospectus supplement related to this offering will be filed with the U.S. Securities and Exchange Commission (SEC). Dogwood Therapeutics has committed to filing registration statements concerning the resale of shares upon exercise of the associated warrants.

This release contains forward-looking statements regarding the company's future performance and development plans, which are subject to risks and uncertainties.

Conclusion

With the substantial financial backing from this offering, Dogwood Therapeutics is well-positioned to continue its mission of delivering effective non-opioid solutions for pain relief, directly benefiting patients suffering from treatment-related neuropathy. For more information on Dogwood Therapeutics, visit www.dwtx.com.

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