Enveric Biosciences Completes $5 Million Public Offering

Enveric Biosciences Completes $5 Million Public Offering

Enveric Biosciences a leading biotechnology company focused on the development of groundbreaking neuroplastogenic small-molecule therapeutics, has made a significant advancement in its efforts to address some of the most pressing challenges in mental health. The company is dedicated to creating innovative therapies aimed at treating anxiety, depression, and addiction disorders, utilizing its expertise in neuroplasticity and cutting-edge drug discovery techniques.

Today, Enveric Biosciences announced the successful closing of its previously disclosed public offering, which has raised substantial capital to further accelerate the development of its therapeutics. The offering involved the sale of an aggregate of 1,666,666 shares of Enveric’s common stock (or common stock equivalents), accompanied by Series A and Series B warrants, each entitling the holder to purchase up to 1,666,666 additional shares of common stock. This Biosciences combined public offering was priced at $3.00 per share (or per common stock equivalent in lieu thereof), with each share being paired with accompanying warrants, which investors can exercise to purchase additional shares of Enveric stock.

The warrants issued as part of the offering have an exercise price of $3.00 per share and are exercisable immediately upon issuance. The Series A warrants, with a five-year expiration from the date of issuance, provide long-term potential for investors to increase their stake in Enveric Biosciences. The Series B warrants, on the other hand, will expire in 18 months from the date of issuance, offering a shorter-term opportunity for investors to capitalize on the company’s growth.

The Biosciences offering was conducted with the expertise and support of H.C. Wainwright & Co., who acted as the exclusive placement agent for the transaction. The highly regarded investment firm has a long track record of assisting biotechnology companies in accessing the capital markets to fund their research and development activities. Through their involvement, Enveric successfully completed this capital raise, ensuring the company has the financial resources to continue progressing its promising drug candidates.

In total, the gross proceeds from this public offering amounted to approximately $5 million, before accounting for the placement agent’s fees and other expenses related to the offering. These proceeds represent a critical infusion of capital, which Enveric intends to deploy strategically in advancing its product development initiatives. Specifically, Biosciences the company plans to use the net proceeds from the offering for its ongoing research and development efforts, as well as for general corporate purposes and working capital.

The offering was conducted under a registration statement on Form S-1 (File No. 333-284277), which was declared effective by the U.S. Securities and Exchange Commission (SEC) on January 30, 2025. The offering itself was made solely by means of a prospectus that was part of the effective registration statement, and Enveric has filed a final prospectus with the SEC to disclose key details regarding the offering.

While this press release provides an overview of the completed offering, it is important to clarify that this announcement should not be considered an offer to sell or a solicitation of an offer to buy any of the securities mentioned. Additionally, the sale of these securities is subject to legal restrictions, and no securities will be sold in any state or jurisdiction where such sale would be unlawful unless they are registered or qualified under the securities laws of that jurisdiction.

The successful completion of this public offering positions Enveric Biosciences to continue its mission of developing innovative treatments for mental health conditions, including anxiety, depression, and addiction. These conditions have long been major sources of suffering for millions of people around the world, and there remains an urgent need for novel therapeutic options that can offer more effective and accessible solutions.

Enveric’s Biosciences innovative approach is centered around its expertise in neuroplastogenic small molecules, which aim to help the brain’s natural processes of plasticity to heal and reorganize in response to treatment. This could hold great promise for patients with mood and behavioral disorders, where traditional therapies have not always provided the desired results. The company’s therapeutic candidates are designed to harness the power of neuroplasticity to reset dysfunctional neural pathways, addressing the root causes of these disorders rather than just masking the symptoms.

With this capital infusion, Enveric Biosciences is well-positioned to further its research and move its pipeline of neuroplastogenic small-molecule therapeutics through the various stages of development. The company has already made impressive strides in its clinical programs and is committed to advancing the scientific understanding of how to treat anxiety, depression, and addiction. The additional funding will allow Enveric to accelerate its ongoing trials and bring its promising therapies to patients in need more rapidly.

As Enveric Biosciences continues to pursue its mission, the company remains focused on forging partnerships with other industry leaders, including academic institutions, pharmaceutical companies, and healthcare providers, to bring its therapies to market. The biotechnology landscape is ever-evolving, and Enveric’s ability to navigate this dynamic environment will be key to its success in transforming mental health treatment.

In addition to advancing its product pipeline, the company will continue to engage with the investment community and stakeholders to ensure transparency and build long-term value for shareholders. Enveric’s leadership team is highly experienced, with deep expertise in drug discovery, clinical development, and commercialization. With this strong foundation, the company is positioned to build on its current momentum and make a significant impact in the field of mental health therapeutics.

Enveric Biosciences’ recent public offering marks an important milestone in the company’s journey to revolutionize the treatment of anxiety, depression, and addiction. By securing $5 million in gross proceeds, Enveric now has the financial resources necessary to accelerate its innovative research and development initiatives. The company’s dedication to neuroplastogenic therapies represents a unique approach that could offer new hope for millions of individuals affected by mental health disorders.

The next few years will likely be crucial for Enveric, as it works to translate its promising scientific discoveries into tangible therapies that can benefit patients and improve their quality of life. Investors, healthcare professionals, and patients alike will be watching closely as Enveric continues to drive forward with its groundbreaking work. The company’s commitment to advancing neuroscience-based treatments places it at the forefront of an exciting and rapidly evolving field, one that could ultimately change the future of mental health care for the better.

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