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NeuroSense Therapeutics Announces  Million Private Placement at a Premium to Market Price

CAMBRIDGE, Mass., December 2, 2024 /PRNewswire/ — NeuroSense Therapeutics Ltd. (Nasdaq: NRSN) (“NeuroSense”), a late-stage biotechnology company developing novel treatments for serious neurodegenerative diseases, today announced that it has entered into a definitive agreement with a single investor and with NeuroSense Chief Executive Officer, Mr Alon Ben Noonto buy an aggregate from $5,000,000 of common shares (or common share equivalents) and warrants in a private placement, subject to certain closing conditions.

NeuroSense logo
NeuroSense logo

In connection with the offering, NeuroSense agreed to sell an aggregate of 4,000,000 shares of common stock (or common stock equivalents) and 8,000,000 warrants to purchase an aggregate of 8,000,000 shares of common stock for an aggregate purchase price of $1.25 per share and two accompanying warrants, representing a purchase price of 25% above the closing price of NeuroSense’s common stock November 29, 2024. The warrants have a term of five years from the issue date and an exercise price of $1.25 per share.

The proceeds from the private placement will be paid to NeuroSense in two separate tranches. The private placement is expected to be completed December 2024.

The proceeds from the private placement are expected to be used for general corporate and working capital purposes.

The offering is being made in reliance on an exemption from registration pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D thereunder. Accordingly, the securities issued as part of the offering may not be offered or sold the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale is prior to registration or qualification under the provisions would be unlawful under the securities laws of any such state or jurisdiction.

Um NeuroSense
NeuroSense Therapeutics, Ltd. is a clinical-stage biotechnology company focused on discovering and developing treatments for patients suffering from debilitating neurodegenerative diseases. NeuroSense believes that these diseases, which include amyotrophic lateral sclerosis (ALS), Alzheimer’s disease and Parkinson’s disease, represent one of the greatest unmet medical needs of our time, with limited effective treatment options available to patients are available. Due to the complexity of neurodegenerative diseases and based on sound scientific research on a variety of related biomarkers, NeuroSense’s strategy is to develop combined therapies that target multiple signaling pathways associated with these diseases.

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