BioNxt Solutions Inc. has successfully completed an oversubscribed $1.25 million convertible debenture private placement, providing crucial funding to advance its next-generation drug delivery technologies and move closer to commercialization of its proprietary therapeutic platforms.
The Vancouver-based bioscience company closed the final tranche of its non-brokered private placement on August 8, 2025, raising $241,200 in the concluding round. Combined with the initial tranche, BioNxt raised aggregate gross proceeds of $1,250,400, representing the total principal amount outstanding pursuant to the convertible debentures.
Innovative Drug Delivery Platform Portfolio
BioNxt operates three proprietary drug delivery platforms designed to address key therapeutic areas. The company's sublingual thin-film technology, transdermal skin patch system, and oral enteric-coated tablet platform target autoimmune diseases, neurological disorders, and longevity applications.
With research and development operations spanning North America and Europe, BioNxt is positioning itself to serve primarily European markets as it advances through regulatory approval processes. The company's patient-centric approach aims to enhance treatment outcomes through precise drug delivery mechanisms.
Strategic Financing Structure
The private placement consisted of convertible debenture units priced at $0.60 each, with each unit containing a $0.60 principal amount of 8.0% unsecured convertible debentures and one common share purchase warrant. The debentures bear interest at 8.0% per annum on an accrual basis, calculated and payable annually for two years following issuance.
Warrant holders can acquire common shares at $0.75 per share for two years following issuance, with the company issuing a total of 2,084,000 warrants across both tranches. The debentures are convertible into common shares at the holder's option at a conversion price of $0.60 per share prior to the maturity date.
Capital Deployment Strategy
BioNxt intends to allocate the net proceeds toward product development and commercialization initiatives, intellectual property filings, and general working capital requirements. This funding approach supports the company's strategy to advance its drug delivery platforms through development stages while building intellectual property protection.
The company paid $19,296 in finder fees and issued 32,160 finder's warrants to Canaccord Genuity Corp. in connection with the final tranche closing. Securities issued in the final tranche are subject to a statutory hold period until December 9, 2025, in accordance with Canadian securities laws.
Market Position and Development Focus
As a bioscience innovator, BioNxt is developing technologies that address unmet needs in drug delivery across multiple therapeutic areas. The company's focus on autoimmune diseases, neurological disorders, and longevity applications positions it in markets with significant medical needs and commercial potential.
The oversubscribed nature of the financing round indicates investor confidence in BioNxt's technology platforms and commercial strategy. The company trades on the Canadian Securities Exchange under BNXT, OTC Markets as BNXTF, and in Germany under WKN: A3D1K3.
