AeroClean Technologies, Inc. Announces Closing of $15.0 Million Private Placement
Summary
Warrants with respect to approximately 1.26 million shares will become exercisable on the earlier of the effective date of a registration statement related to the transaction or the 90th day following the closing. acted as counsel to the placement agents.AeroClean is a pathogen elimination technology company on a mission to keep work, play and life goingwith continuous air hygiene products called, Prgo (pure-go). Prgo products feature SteriDuct, a proprietary technology developed by our best-in-class aerospace engineers, medical scientists and innovators. Learn more at aeroclean.com.This press release includes forward-looking statements relating to our managements expectations, beliefs and intentions and AeroCleans prospects. Such forward-looking statements are based on our managements current expectations and projections about future events and trends, which are inherently subject to risks, assumptions and uncertainties that could cause actual results to differ materially from those explicitly or implicitly projected, including (without limitation): macroeconomic uncertainties driven by the war between Ukraine and Russia; rising inflation and the COVID-19 pandemic; a failure by our products to perform as expected; our inability to develop adequate distribution, customer service, and technical support networks; our failure to implement our business strategy including completing any potential acquisitions; any delay in or failure to comply with regulations, including the U.S. Food and Drug Administration and other state regulations; our inability to develop and maintain reliable manufacturing, consulting and other vendor relationships important to the commercialization of our products; our inability to protect our intellectual property or our infringement upon the proprietary rights of others; and our inability to efficiently manage research and development spending.These and other risks and uncertainties that could affect AeroCleans future results are included under the caption Risk Factors in AeroCleans annual report on Form 10-K for the fiscal year ended December 31, 2021 filed with the Securities and Exchange Commission (SEC) on April 1, 2022, which is available on the SECs website at www.sec.gov.