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Dialectic Therapeutics raises more than $6M

By Sean Whooley | February 12, 2021

Dialectic Therapeutics issued an SEC Form D to confirm the sale of nearly $6.4 million in debt, options, warrants and/or other rights to purchase securities.

According to the filing, the Dallas-based cancer treatment technology developer made the first sale in its offering of $6.35 million on Dec. 15, 2020. The $6.35 million already sold is the total amount being offered.

In total, 27 investors contributed to the amended offering, which is not being made in connection with a merger, acquisition or another form of business combination transaction.

The minimum investment accepted by Dialectic Therapeutics was $50,000. The company confirmed that $100,000 of the proceeds collected in the offering is earmarked for payments to a number of executive officers, directors or promoters. No other intended use of proceeds was listed.

Dialectic Therapeutics is a pre-clinical biotechnology company developing anti-cancer drugs with limited toxicities and complications for treating patients with few to no other options, according to the company’s website.


Filed Under: Drug Discovery and Development, Oncology
Tagged With: Dialectic Therapeutics
 

About The Author

Sean Whooley

Sean Whooley is an associate editor who mainly produces work for MassDevice, Medical Design & Outsourcing and Drug Delivery Business News. He received a bachelor's degree in multiplatform journalism from the University of Maryland, College Park. You can connect with him on LinkedIn or email him at swhooley@wtwhmedia.com.

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