Date: July 31st, 2026
From: Sona Nanotech Inc.
Sona Nanotech Inc. announces that it plans to raise up to $2,400,000 through a private placement financing (the “Financing”) of up to 8,000,000 common shares of Sona (each, a “Share”) at a price of $0.30 per Share (the “Offering Price”). Insiders and certain other existing shareholders of Sona may also subscribe for Shares under the Financing.
Sona intends to use the net proceeds of the Financing for advancing studies to support the clinical advancement and continuing research and development work on its Targeted Hyperthermia TherapyTM (“THT”) oncology treatment, as well as for general working capital purposes.