Cash Position
The company has 17.8 months of cash left based on the quarterly cash burn of $1.63 M and estimated current cash of $9.62 M
Commentary on Financial Condition
Phio Pharmaceuticals Corp. is facing significant financial challenges, with limited cash resources and recurring losses from operations, raising substantial doubt about its ability to continue as a going concern. As of December 31, 2024, the company had $5.38 million in cash, which may not be sufficient to fund operations for the next 12 months. The company has been relying on financing activities, having raised $4 million in 2024 and an additional $6.8 million after year-end, but it remains dependent on future funding through equity, debt, or strategic opportunities. Phio has implemented cost rationalization measures, including reducing headcount and transitioning to remote operations, to focus resources on its U.S. clinical trial with PH-762., Filed At: 2025-03-31
Former Symbols
Nasdaq Compliance
Date
Deficiency
Market
Status
Notes
Previous Splits
Date
Split
7/5/2024
9 to 1
1/26/2023
12 to 1
1/15/2020
55 to 1
1/8/2018
10 to 1
4/18/2016
10 to 1
Pending Offering
Title | Details | Offering Amt | Shr Amt | Share Price | Warrants | Bank | Date | Type | |
|---|---|---|---|---|---|---|---|---|---|
May 2024 SHELF | WITHDRAWN | $100.00 M | - | - | - | - | May 17, 2024 | S-3 |
Shelf
Title | Raisable Amt | Offering Amt | Amt Sold Last 12 Mos | Float | 60 Day High | Price to Exceed Baby Shelf | Float Value | Exp Date | Effective date | |
|---|---|---|---|---|---|---|---|---|---|---|
May 2024 SHELF | -$4,648,461.00 | $100.00 M | 9153016 | 4.78 M | 2.83 | 15.71 | 13.51 M | 7/2/2027 | 7/2/2024 |
ATM
Title | ATM Remaining | Offering Amt | Exp Date | Shr Amt | Bank | Date | Type | |
|---|---|---|---|---|---|---|---|---|
May 2024 ATM | -$4,648,461.00 | - | - | 862.50 k | Triton Funds LP | May 17, 2024 | 424B5 |
Warrants
Title | Registered | Remaining Warrants | Ex Price | Cost Basis | Total Warrants | Owners | Bank | Price Protection | Details | Exercisable Date | Expiration Date | Filed Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
January 2025 - Private Warrants 3 | Registered | 1,220,000 | $3.00 | - | 1,220,000 | Anson, Orca, CVI, Intracoastal | H.C. Wainwright & Co. | Customary Anti-Dilution | n/a | Jan 16, 2025 | Jan 16, 2027 | Jan 17, 2025 | |
January 2025 - Series H Warrants 2 | Registered | 1,666,670 | $3.00 | - | 1,666,670 | n/a | H.C. Wainwright & Co., LLC | Customary Anti-Dilution | The Series H Warrants and the Warrant Shares have not been registered under the Securities Act of 1933, as amended. | Jan 15, 2025 | Jan 15, 2027 | Jan 15, 2025 | |
January 2025 - Private Warrants 1 | Registered | 2,127,340 | $3.00 | - | 2,127,340 | n/a | H.C. Wainwright & Co. | n/a | The Private Warrants and the Private Warrant Shares are being offered pursuant to the exemption provided in Section 4(a)(2) of the Securities Act and Rule 506(b) promulgated thereunder. | Jan 14, 2025 | Jan 14, 2027 | Jan 14, 2025 | |
December 2024 - Series F Warrants | Registered | 240,000 | $2.00 | - | 240,000 | Anson, Orca, CVI, Intracoastal | H.C. Wainwright & Co., LLC | The Series F Warrants and the Warrant Shares have not been registered under the Securities Act of 1933, as amended. | Dec 24, 2024 | Dec 24, 2029 | Dec 26, 2024 | ||
December 2024 - Series E Private Warrants | Registered | 437,192 | $2.51 | - | 437,192 | Anson, Orca, CVI, Intracoastal | H.C. Wainwright & Co. | Dec 20, 2024 | Dec 20, 2029 | Dec 20, 2024 | |||
July 2024 - Warrants | Registered | 583,098 | $5.45 | - | 583,098 | Armistice | Customary Anti-Dilution | - | - | Jul 12, 2024 | |||
July 2024 - Warrants | Registered | 507,474 | $5.45 | - | 507,474 | Armistice | Customary Anti-Dilution | - | - | Jul 12, 2024 | |||
December 2023 - Warrants | Registered | - | $5.45 | - | 221,131 | Armistice Intracoastal Sabby | Customary Anti-Dilution | - | - | Dec 8, 2023 | |||
December 2023 - Warrants | Registered | - | $5.45 | - | 252,257 | Armistice Intracoastal Sabby | Customary Anti-Dilution | - | - | Dec 8, 2023 | |||
May 2023 -Series A Warrants | Registered | - | $5.45 | - | 103,842 | Anson Investments Master Fund LP, Intracoastal Capital, LLC, Sabby Volatility Warrant Master Fund, Ltd., Noam Rubinstein, Craig Schwabe, Michael Vasinkevich, Charles Worthman | Customary Anti-Dilution | - | - | Jun 2, 2023 | |||
May 2023 -Series B Warrants | Registered | - | $5.45 | - | 103,842 | Anson Investments Master Fund LP, Intracoastal Capital, LLC, Sabby Volatility Warrant Master Fund, Ltd., Noam Rubinstein, Craig Schwabe, Michael Vasinkevich, Charles Worthman | Customary Anti-Dilution | - | - | Jun 2, 2023 | |||
April 2023 -Series B Warrants | Registered | - | $11.97 | - | 39,331 | Armistice Intracoastal Sabby | Customary Anti-Dilution | - | - | Apr 20, 2023 | |||
April 2023 -Series A Warrants | Registered | - | $11.97 | - | 39,331 | Armistice Intracoastal Sabby | Customary Anti-Dilution | - | - | Apr 20, 2023 | |||
October 2018 - Warrants | Registered | - | $4.95 | - | 35,763 | Anson CVI Intracoastal Sabby | Customary Anti-Dilution | - | - | Oct 2, 2018 |
Completed Offerings
Title | Offering Amt | Shr Amt | Share Price | Warrants | Bank | Owners | Date | Type | |
|---|---|---|---|---|---|---|---|---|---|
REGISTERED OFFERING | $1.60 M | 610.00 k | $3.00 | 1.22 M | H.C. Wainwright & Co., LLC | Anson, Orca, CVI, Intracoastal | Jan 17, 2025 | 8-K | |
REGISTERED OFFERING | $2.20 M | 833.34 k | $3.00 | 1.67 M | H.C. Wainwright & Co., LLC | n/a | Jan 15, 2025 | 8-K | |
REGISTERED OFFERING | $2.85 M | 1.06 M | $3.00 | 2.13 M | H.C. Wainwright & Co., LLC | Intracoastal | Jan 14, 2025 | 8-K | |
REGISTERED OFFERING | $480.00 k | 240.00 k | $2.00 | 240.00 k | H.C. Wainwright & Co., LLC | Intracoastal | Dec 26, 2024 | 8-K | |
REGISTERED OFFERING | $900.00 k | 437.19 k | $2.64 | 437.19 k | H.C. Wainwright & Co., LLC | N/A | Dec 20, 2024 | 8-K | |
WARRANT EXERCISE | $2.97 M | 545.29 k | $5.45 | 1.09 M | HC Wainwright | - | Jul 12, 2024 | 8-K | |
WARRANT EXERCISE | $2.83 M | 236.69 k | $11.97 | 473.39 k | HC Wainwright | - | Dec 7, 2023 | 8-K | |
REGISTERED OFFERING (RDO) | $1.00 M | 25.96 k | $38.52 | 51.92 k | HC Wainwright | - | May 31, 2023 | 8-K | |
PRIVATE PLACEMENT | $3.00 M | 77.88 k | $38.52 | 155.76 k | HC Wainwright | Armistice, Intracoastal, Sabby | May 31, 2023 | 8-K | |
REGISTERED OFFERING (RDO) | $2.00 M | 39.33 k | $50.85 | 78.66 k | HC Wainwright | Armistice, Intracoastal, Sabby | Apr 18, 2023 | 8-K | |
REGISTERED OFFERING (RDO) | $7.68 M | 20.80 k | $369.36 | 0.00 | HC Wainwright | Alpha Capital Anstalt, Altium, Anson, Armistice, Bigger Capital, Empery, Intracoastal, Iroquois, MMCAP | Feb 12, 2021 | 8-K | |
PRIVATE PLACEMENT | $14.00 M | 42.23 k | $331.56 | 31.67 k | HC Wainwright | Altium, Anson, Armistice, Bigger Capital, Brio, Empery, Intracoastal, Iroquois, MMCAP | Jan 21, 2021 | 8-K | |
REGISTERED OFFERING (RDO) | $3.79 M | 15.86 k | $238.68 | 15.86 k | HC Wainwright | Armistice, CVI, Intracoastal, Iroquois, Sabby | Mar 31, 2020 | 8-K | |
REGISTERED OFFERING (UNDERWRITTEN) | $8.00 M | 18.52 k | $432.00 | 18.52 k | HC Wainwright | Armistice, Bigger Capital, Empery, Intracoastal | Feb 11, 2020 | 8-K | |
REGISTERED OFFERING (RDO) | $1.72 M | 1.82 k | $940.68 | 1.82 k | HC Wainwright | Armistice, Bigger Capital, Empery, Intracoastal | Feb 5, 2020 | 8-K | |
REGISTERED OFFERING (RDO) | $1.00 M | 1.68 k | $594.00 | 0.00 | HC Wainwright | - | Nov 18, 2019 | 8-K | |
- | $15.00 M | 3.66 k | $4,158.00 | 36.60 k | H.C. Wainwright & Co. | - | Oct 2, 2018 | 424B4 | |
REGISTERED OFFERING (RDO) | $4.76 M | 254.00 | $18,711.00 | 191.00 | HC Wainwright | Anson, Intracoastal, Lincoln Park, Sabby | Apr 9, 2018 | 8-K |