Investornewsbreaks Oragenics Inc. (NYSE American: OGEN) Secures $16.5 Million In Preferred Stock Offering To Advance Intranasal Concussion Therapy

(MENAFN- Investor Brand Network) Oragenics (NYSE American: OGEN) a clinical-stage biotechnology company developing intranasal therapeutics for neurological disorders, has closed its public offering of Series H Convertible Preferred Stock and Warrants, raising approximately $16.5 million in gross proceeds. The Company sold 660,000 units-each comprising one share of Series H Convertible Preferred Stock and one Warrant-at $25.00 per unit. The Warrants, exercisable immediately at the same price, could yield an additional $16.5 million if fully exercised. Net proceeds will fund clinical development of ONP-002 for concussion, repay a $3 million bridge note, and support R&D and general operations. Dawson James Securities acted as sole placement agent.

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About Oragenics

Oragenics is a development-stage biotechnology company focused on nasal delivery of pharmaceutical medications in neurology and fighting infectious diseases, including drug candidates for treating mild traumatic brain injury (“mTBI”), also known as concussion, and for treating Niemann Pick Disease Type C (“NPC”), as well as proprietary powder formulation and an intranasal delivery device. For more information, visit the company's website at

NOTE TO INVESTORS: The latest news and updates relating to OGEN are available in the company's newsroom at

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