Rezolute Inc. enters $10M purchase agreement

LOUISVILLE — Rezolute Inc., the company formerly known as Antriabio, has entered a purchase agreement with Lincoln Park Capital Fund for the Illinois-based firm to purchase up to $10 million worth of Rezolute’s common stock.

The agreement puts the stock price at one-tenth of a cent per share to be purchased over a three-year term.

Under the terms, Rezolute has the right, but not the obligation, to sell to Lincoln Park for which the firm would be obligated to buy. Lincoln Park has no right to require any sales by the company.