On August 27, 2026, Quoin Pharmaceuticals struck a securities purchase agreement with institutional and accredited investors for a private placement worth up to roughly $50 million in gross proceeds. About $30.8 million is expected at closing (net ~$29 million after fees), with up to $19.2 million more potentially coming from cash exercise of accompanying ordinary warrants. The company is issuing 6,305,300 ADSs at a combined price of $4.88 per ADS plus warrant, with warrants to purchase up to 3,152,650 additional ADSs at an exercise price of $6.10. Several insiders also participated, buying about 57,370 ADSs for approximately $280,000.
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