BioNxt Solutions successfully closed an oversubscribed $1.25 million convertible debenture private placement across two tranches, demonstrating strong investor confidence in the company's drug delivery technologies.
The bioscience company focuses on next-generation drug delivery platforms including sublingual thin-film, transdermal patches, and oral enteric-coated tablets targeting autoimmune diseases, neurological disorders, and longevity applications.
Proceeds will fund product development and commercialization efforts, intellectual property filings, and general working capital as the company advances regulatory approvals primarily in European markets.
The funding structure includes 8% convertible debentures and warrants, providing flexible financing terms while the company develops its proprietary therapeutic delivery platforms.