EX-99.1 3 ex99-1.htm EX-99.1 Exhibit 99.1 Processa Pharmaceuticals Secures Strategic Investment and Evaluates Corporate Crypto Treasury Strategies VERO BEACH, Fla., August 07, 2025 (GLOBE NEWSWIRE) - Processa Pharmaceuticals, Inc. (Nasdaq: PCSA), a clinical-stage biopharmaceutical company developing Next Generation Cancer (NGC) therapies for cancer patients, today announced that it has secured a strategic investment and that it is evaluating corporate cryptocurrency treasury strategies as part of its broader financial and growth objectives. We believe that strategic engagement with emerging financial technologies, including select cryptocurrencies with potential yield-generating capabilities, may offer novel avenues to diversify our capital base and enhance financial flexibility, while providing an opportunity for long-term value creation. While we remain committed to rigorous compliance with all applicable regulatory standards, we recognize the potential for blockchain-based assets to contribute meaningfully to the funding of our clinical development programs. This approach could allow us to reduce dilution for existing shareholders, access additional sources of capital, a…
Open exhibit ↗Current Report · Items 1.01, 3.02, 7.01, 9.01 · 8-K
Processa Pharmaceuticals, Inc.
PCSANASDAQEQUITYCurrent
Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities · Regulation FD Disclosure
Item 1.01 Entry into a Material Definitive Agreement. On August 4, 2025, Processa Pharmaceuticals, Inc. (the “Company”) entered into securities purchase agreements (the “Securities Purchase Agreement”) for a private placement with an accredited investor wherein the Company sold 5,467,181 restricted shares of common stock at a purchase price of $0.23 per share for approximately $1.3 million in gros…
Company context
We are a clinical-stage biopharmaceutical company developing a pipeline of Next Generation Cancer therapy (“NGC”) small molecules, two of which are in, or have completed, Phase 2 trials, and one is in pre-clinical development.
Current securities
Recent company filings
- SCHEDULE 13G filingAug 18, 2026
- 10-Q filingAug 14, 2026
- Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Submission of Matters to a Vote of Security HoldersAug 4, 2026
- Entry into a Material Definitive Agreement · Termination of a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets · Unregistered Sales of Equity Securities · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Regulation FD DisclosureJul 29, 2026
- 4 filingJul 28, 2026
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry into a Material Definitive Agreement.
On
August 4, 2025, Processa Pharmaceuticals, Inc. (the “Company”) entered into
securities purchase agreements (the “Securities Purchase Agreement”) for a private placement with an accredited investor
wherein the Company sold 5,467,181 restricted shares of common stock at a purchase price of $0.23 per share for approximately $1.3 million
in gross proceeds (the “Offering”), before deducting Placement Agent fees and other expenses related to the Offering. The
Company intends to use the net cash proceeds from the Offering for general corporate purposes. The Offering closed on August 6, 2025.
In connection with this investment, we are evaluating corporate cryptocurrency treasury strategies as part of our broader financial
and growth objectives.
LifeSci
Capital LLC (the “Placement Agent”) acted as the Company’s exclusive placement
agent in the Offering. The Company has agreed to pay the Placement Agent a cash fee equal to 7.0% of the gross proceeds raised
in the Offering. The Company has also agreed to reimburse the Placement Agent for reasonable out-of-pocket expenses incurred in connection
with the Offering, as well as a maximum $150,000 in legal expenses.
The
Offering is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) pursuant
to the exemption for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act and Rule
506 of Regulation D of the Securities Act and in reliance on similar exemptions under applicable state laws. The Purchaser represented
that it is an accredited investor within the meaning of Rule 501(a) of Regulation D, and was acquiring the securities for investment
only and not with a view towards, or for resale in connection with, the public sale or distribution thereof. The securities were offered
without any general solicitation by the Company or its representatives.
The
foregoing summary of the terms of the Securities Purchase Agreement is subject to, and qualified in their entirety by, such document
attached hereto as Exhibit 10.1 and is incorporated herein by reference. The provisions of the Securities Purchase Agreement, including
the representations and warranties contained therein, are not for the benefit of any party other than the parties to such agreement or
as stated therein and are not intended as a document for investors and the public to obtain factual information about the current state
of affairs of the parties to the documents and agreements. Rather, investors and the public should look to other disclosures contained
in the Company’s filings with the Commission.
Item 3.02Item 3.02 - Unregistered Sales of Equity
Item
3.02. Unregistered Sales of Equity Securities
The
matters described in Item 1.01 of this Current Report on Form 8-K are incorporated herein by reference.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item
7.01. Regulation FD Disclosure.
On
August 7, 2025, the Company issued a press release announcing the Offering, which is furnished as Exhibit 99.1 hereto. The information
in Exhibit 99.1 shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended,
or otherwise subject to the liabilities of that section.