Lexaria Bioscience Announces $2 Million Stock Offering to Advance Drug Delivery Technology

Lexaria Bioscience Corp. has announced a registered direct offering of 2 million shares of common stock at $1.00 per share, generating $2 million in gross proceeds to support the company's ongoing research and development initiatives. The offering, expected to close around April 28, 2025, represents a strategic financial move that enables Lexaria to maintain its research momentum and pursue technological developments in drug delivery solutions. H.C. Wainwright & Co. is serving as the exclusive placement agent for this transaction, which is being conducted under a previously filed shelf registration statement declared effective by the Securities and Exchange Commission on January 30, 2025.

The company's DehydraTECH drug delivery platform continues to be a central focus, with demonstrated capabilities in improving bio-absorption and potentially reducing medication side effects. This funding comes at a critical time for Lexaria, which holds 48 granted patents worldwide with additional patents pending, underscoring the company's commitment to advancing innovative drug delivery technology. The net proceeds from this offering will be allocated toward working capital and general corporate purposes, providing essential financial support for the company's operational needs and research continuity.

This capital raise through the registered direct offering approach provides Lexaria with flexibility in timing and executing its capital-raising strategy, allowing the company to respond effectively to market conditions while maintaining focus on its core technological advancements. The transaction structure under the effective shelf registration streamlines the fundraising process, enabling efficient access to capital markets without the delays associated with new registration statements. This financial maneuver demonstrates Lexaria's strategic approach to funding its research pipeline while minimizing disruption to ongoing development activities.

The importance of this funding extends beyond immediate financial needs, as it supports Lexaria's position in the competitive drug delivery technology landscape. With the pharmaceutical industry increasingly focused on improving drug efficacy and patient outcomes, technologies like DehydraTECH that enhance bioavailability and potentially reduce side effects represent significant value propositions. This capital infusion ensures that Lexaria can continue advancing its patented platform while exploring new applications and partnerships in the evolving pharmaceutical delivery sector.