Oragenics Inc. Announces $20 Million Preferred Stock and Warrant Offering to Fund Concussion Trials and R&D

Oragenics Inc. (NYSE American: OGEN), a biotechnology firm specializing in intranasal pharmaceuticals for neurological disorders, has announced a significant financial move to bolster its research and development efforts. The company has entered into a placement agency agreement for the sale of up to 800,000 shares of Series H Convertible Preferred Stock and accompanying Warrants, priced at $25.00 per unit. This strategic offering could generate gross proceeds of up to $20 million, earmarked for advancing the ONP-2 concussion trials, supporting ongoing R&D activities, repaying a $3 million bridge note, and addressing general corporate needs.

Each Warrant included in the offering grants the holder the right to purchase an additional Preferred share at $25.00, with the Preferred shares being convertible into common stock at $2.50. Dawson James Securities, Inc. is serving as the sole placement agent for this transaction, which is anticipated to close on or about July 2, 2025. This financial infusion is pivotal for Oragenics as it seeks to make strides in the treatment of mild traumatic brain injury (mTBI), commonly known as concussion, and other neurological conditions.

The significance of this offering extends beyond the immediate financial benefits for Oragenics. It underscores the growing investment in biotechnology firms focused on innovative treatments for neurological disorders, a field that has seen increased attention due to the rising awareness of brain injuries and their long-term impacts. The successful closure of this offering could accelerate the development of Oragenics' pipeline, including its proprietary powder formulation and intranasal delivery device, potentially offering new hope for patients suffering from concussions and related conditions.