Company: ARTL
Filing Date: 2025-08-04
Form Type: 8-K
Source: 0001640334-25-001334
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Company: ARTELO BIOSCIENCES, INC.
Filing Date: 2025-08-04
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement.

On August 1, 2025, Artelo Biosciences, Inc. (the “ Company”) entered into a Securities Purchase Agreement (the “ Purchase Agreement”) with certain accredited investors (the “ Investors”), pursuant to which the Company agreed to issue and sell, in a private placement (the “ Offering”): (i) 593,252 shares (the “ Shares”) of the Company’s common stock, par value $0.001 per share (the “ Common Stock”) at $10.20 per share, (ii) prefunded warrants to purchase 313,435 shares of Common Stock at an exercise price of $0.001 per share (the “ Prefunded Warrants”), (iii) warrants to purchase 906,687 shares of Common Stock at an exercise price of $10.20 per share (the “ Market Priced Warrants”), (iv) warrants to purchase 906,687 shares of Common Stock at an exercise price of $50.00 per share (the “$50.00 Warrants”). The Prefunded Warrants, the Market Priced Warrants and the $50.00 Warrants are collectively referred to herein as the “ Warrants” and the shares issuable upon such Warrants, the “ Warrant Shares.”

Each Share or, at the election of the Investor in lieu of Shares, each Prefunded Warrant, was issued and sold along with one Market Priced Warrant and one $50.00 Warrant. The combined purchase price for the securities was (i) $10.45 per Share of Common Stock, one Market Priced Warrant and one $50.00 Warrant, and (ii) $10.449 per Prefunded Warrant, one Market Priced Warrant and one $50.00 Warrant. The Offering is expected to close on August 5, 2025 (the “ Closing Date”), subject to customary closing conditions.

The Pre-Funded Warrants are exercisable immediately and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full, subject to the Beneficial Ownership Limitation described below. The Market Priced Warrants and the $50.00 Warrants are exercisable immediately and have a term of three years, subject to the Beneficial Ownership Limitation described below.

The Warrants may only be exercised on a cashless basis if there is no registration statement registering, or the