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Lantern Pharma Inc. Announces up to $8 Million Registered Direct Offering

Key Takeaway: Lantern Pharma Inc. has announced a registered direct offering of up to $8 million, selling 3,669,725 shares at a price of $1.09 each. This funding aims to support the company's development of precision oncology therapies using artificial intelligence and genomic data. The move reflects Lantern's commitment to advancing its clinical-stage initiatives.

Market Sentiment Analysis

POSITIVE FACTORS

  • Lantern Pharma secures up to $8 million in funding.
  • The offering allows for the expansion of precision oncology therapies.
  • The company is leveraging AI and genomic data for development.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+20%
120-day peak, hindsight
Typical move
4%
average across 5 past catalysts
Cash runway
~6 mo
Medium dilution risk
Lead asset
Tavocept in combination with cisplatin and either docetaxel or paclitaxel
Phase 3 · Non-small Cell Lung Cancer

Full Press Release Details

DALLAS--(BUSINESS WIRE)--Lantern Pharma Inc. (NASDAQ: LTRN) (“Lantern”, the “Company” or “we”), a clinical-stage, AI-native biopharma company using artificial intelligence and genomic data to develop precision oncology therapies, today announced that it has entered into a definitive agreement for the purchase and sale of an aggregate of 3,669,725 shares of its common stock (or pre-funded warrants in lieu thereof) at a purchase price of $1.09 per share (or pre-funded warrant in lieu thereof) in

Frequently Asked Questions

What is the total amount of the offering by Lantern Pharma?

Lantern Pharma announced a registered direct offering of up to $8 million.

How many shares are being offered in the Lantern Pharma deal?

The offering includes 3,669,725 shares of common stock.

What is the purchase price per share in the offering?

The purchase price is set at $1.09 per share.

What is the focus of Lantern Pharma's development?

Lantern Pharma focuses on precision oncology therapies using AI and genomic data.

Last updated: Sep 29, 2026