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Lexaria Announces Closing of $2 Million Registered Direct Offering of Common Stock

1. Lexaria closed a direct offering of 2 million shares at $1 each. 2. CEO stated they successfully raised funds despite a tough market.

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FAQ

Why Bullish?

Raising capital in a challenging market demonstrates investor confidence. Historically, successful fundraises often lead to price appreciation for companies like LEXX.

How important is it?

The direct offering indicates LEXX's liquidity position, crucial for future growth and development initiatives. Companies demonstrating resilience generally attract investor interest.

Why Short Term?

Immediate capital infusion can enhance operational capabilities and investor sentiment. Previous capital raises in similar biotech firms have led to short-term gains.

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CBIOGNUSVIRI
KELOWNA, BC / ACCESS Newswire / April 28, 2025 / Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW) (the "Company" or "Lexaria"), a global innovator in drug delivery platforms, today announced the closing of its previously announced registered direct offering with a single institutional investor for the purchase and sale of 2,000,000 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $1.00 per share (or per pre-funded warrant in lieu thereof) Other than the pre-funded warrants, no other warrants were issued to the institutional investor in the registered direct offering. "We are pleased to have raised funds in what is an extremely difficult market," stated Richard Christopher, CEO of Lexaria.

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