CohBar Announces Proposed Public Offering of Common Stock and Warrants

MENLO PARK, Calif., Aug. 25, 2020 (GLOBE NEWSWIRE) -- CohBar, Inc. (NASDAQ: CWBR) (the “Company”), a clinical stage biotechnology company developing mitochondria based therapeutics to treat chronic diseases and extend healthy lifespan, today announced a proposed underwritten public offering of units consisting of one share of the Company’s common stock and one warrant to purchase 0.75 of a share of common stock. Each warrant will be exercisable for five years from the closing date of the offering. All of the securities to be sold in the offering are being offered by the Company. In addition, the Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the aggregate number of shares of common stock and/or 15% of the aggregate number of warrants offered. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

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