BioMedNewsBreaks — Scinai Immunotherapeutics Ltd. (NASDAQ: SCNI) Enters $10 Million Standby Equity Purchase Agreement
Scinai Immunotherapeutics (NASDAQ: SCNI), a biopharmaceutical company focused on inflammation and immunology biological products and contract development and manufacturing organization (CDMO) services, has entered into a standby equity purchase agreement with YA II PN, Ltd., a fund managed by Yorkville Advisors Global. The agreement allows Scinai to sell up to $10 million of its American Depository Shares to Yorkville over a three-year period, subject to certain conditions, including a 9.99% beneficial ownership cap. The company retains full control over the timing and amount of any sales, with no obligations or penalties for non-use. Proceeds will support the development of Scinai's NanoAbs…











