Full Press Release Details
Pharmaceuticals Announces Pricing of Initial Public Offering
Maryland, February 8, 2024 - Telomir Pharmaceuticals, Inc., a pre-clinical-stage pharmaceutical company focused on the development
and commercialization of TELOMIR-1, is developing Telomir-1 as the first novel small molecule, to lengthen
the DNA's protective telomere caps in order to affect age reversal, today announced the pricing of its initial public offering
of 1,000,000 shares of its common stock at a public offering price of $7.00 per share. All of the shares of common stock are being offered
by Telomir. In addition, Telomir has granted the underwriters a 45-day option to purchase up to an additional 150,000 shares of common
stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on
the Nasdaq Capital Market on February 9, 2024 under the ticker symbol "TELO." The gross proceeds to Telomir from the initial
public offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be $7 million.
The initial public offering is expected to close on February 13, 2024, subject to satisfaction of customary closing conditions.
Investments, a division of Kingswood Capital Partners LLC., is acting as sole book-running manager for the initial public offering.
registration statement on Form S-1 (File No. 333-275534) relating to shares of common stock sold in the initial public offering has been
filed with the Securities and Exchange Commission ("SEC") and was declared effective by the SEC on February 8, 2024. The
initial public offering is made only by means of a prospectus, copies of which may be obtained, when available, from: Kingswood
Investments, via email at syndicate@kingswoodus.com or by calling 212-487-1080 or standard mail at Kingswood Capital Partners,
LLC, 111 Brickell Avenue, Suite 1820, Miami, Florida 33131.. In addition, a copy of the final prospectus, when available, relating to
the IPO may be obtained via the SEC's website at www.sec.gov.
press release shall not constitute an offer to sell or a 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 would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
Telomir Pharmaceuticals, Inc.
Pharmaceuticals, Inc. is a pre-clinical-stage pharmaceutical company focused on the development and commercialization of TELOMIR-1, a
novel small molecule being developed to function as an oral in situ therapeutic treatment for human stem cells. Its goal is to
develop and commercialize new treatment options for age-related inflammatory conditions, with hemochromatosis as its initial clinical
focus, and to thereafter expand the development of TELOMIR-1 to post-chemotherapy recovery as well as a broader range of other age-related
inflammatory diseases and conditions such as osteoarthritis.
press release contains forward-looking statements, including statements made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These statements may be identified by words such as "aims," "anticipates," "believes,"
"could," "estimates," "expects," "forecasts," "goal," "intends,"
"may," "plans," "possible," "potential," "seeks," "will," and
variations of these words or similar expressions that are intended to identify forward-looking statements. Any such statements in this
press release that are not statements of historical fact may be deemed to be forward-looking statements. These forward-looking statements
include, without limitation, statements regarding completion, timing and anticipated size of the initial public offering and the expected
commencement of trading on the Nasdaq.
forward-looking statements in this press release are based on Telomir's current expectations, estimates and projections only as
of the date of this release and are subject to a number of risks and uncertainties that could cause actual results to differ materially
and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not
limited to, completion of the proposed public offering on the anticipated terms, or at all, market conditions and the satisfaction of
customary closing conditions related to the initial public offering. These and other risks concerning Telomir's programs and operations
are described in additional detail in its registration statement on Form S-1, which is on file with the SEC. Telomir explicitly disclaims
any obligation to update any forward-looking statements except to the extent required by law.
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