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MEI Pharma Announces $100,000,000 Private Placement to Initiate Litecoin Treasury Strategy, Becoming First and Only Publicly Traded LTC Holder on a National Exchange

1. MEI Pharma secures $100 million through a PIPE transaction. 2. 29.24 million shares will be sold at $3.42 each.

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FAQ

Why Bullish?

The PIPE investment of $100 million strengthens MEIP's balance sheet, similar to past successful financing rounds that boosted stock prices.

How important is it?

The PIPE indicates strong investor confidence and provides necessary capital for ongoing projects, impacting MEIP's operational stability and growth potential.

Why Short Term?

Immediate capital influx can lead to increased investor confidence and short-term stock price appreciation, as seen in other biotech PIPE scenarios.

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NASDAQ: MEIP
SAN DIEGO--(BUSINESS WIRE)--MEI Pharma, Inc. (Nasdaq: MEIP) (the “Company” or “MEI”) today announced that it has entered into securities purchase agreements for a private investment in public equity (PIPE) for the purchase and sale of 29,239,767 shares of common stock (or pre-funded warrants in lieu thereof) at a price of $3.42 per share, for expected aggregate gross proceeds of approximately $100 million, before deducting placement agent fees and other estimated offering expenses. In connectio.

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