Relmada Therapeutics Inc. (RLMD)

[VictorMasonIsRight]

5 mm in new cash raised this week, debt converted
@ .72/


Reverse split and NASDAQ listing coming?
Most institutions can’t buy a B.B. stock under $5/ share
Director PK has all the phone numbers, won’t tout but may ‘inform’ his old colleagues

My Prediction: $15 ( pre reverse split) by mid year
$80 in two years, just like CC did with Questor, just quicker

Can’t copy link:

https://ih.advfn.com/p.php?pid=nmona&article=78494640



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 12, 2018

RELMADA THERAPEUTICS, INC.
(Exact name of registrant as specified in its charter)

Nevada 333-184881 45-5401931
(State or other jurisdiction
of incorporation) (Commission File Number) (IRS Employer
Identification No.)

750 Third Avenue, 9th Floor
New York, NY
10017
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code [phone]


(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4





Item 1.01 Entry into a Material Definitive Agreement.

On October 12 and 18, 2018, Relmada Therapeutics, Inc. (the “Company”) conducted closings (the “Closings”) of its private placement of securities (the “Offering”) pursuant to a Unit Purchase Agreement, dated as of October 12 and 18, 2018 (collectively, the “Purchase Agreements”) and Subscription Agreements, dated as of October 12 and 18, 2018 (collectively, the “Subscription Agreements”), with certain accredited investors named therein (the “Investors”) pursuant to which: the Investors at the Closings agreed to purchase (i) an aggregate of 3,644,440 shares ( the “Shares”) of common stock at $0.90 per share and (ii) five-year warrants to purchase an aggregate of 2,368,887 shares of common stock at an exercise price of $1.50 per share (the “Warrants”). The Company received $3,279,998 in gross proceeds from the sale of securities under the Purchase Agreement at the Closings.

As required by the Purchase Agreement, at the Closings, the investors also became parties to Registration Rights Agreements dated as of October 12 and 18, 2018 pursuant to which the Company will be required to register with the United States Securities and Exchange Commission such Shares and the shares of Common Stock underlying the Warrants (the “Warrant Shares”). If the registration statement is not filed or declared effective within the timeframe set forth in the Registration Rights Agreements, the Company is obligated to pay the investors an amount equal to 1% of the total purchase price of the securities per month (up to a maximum of 6% in the aggregate) until such failure is cured.

As a result of the Closings, $7,726,832 (which includes principal and interest) of Company’s outstanding 7% Convertible Promissory Notes issued in 2017 and 2018 automatically converted into 10,731,676 shares of our common stock, based on a conversion price of $0.72 per share.

Alexander Capital, LP (“Alexander Capital”), a FINRA registered broker dealer, acted as exclusive placement agent with respect to the Offering. In connection with the Closings, the placement agent received a cash fee of $280,000 and warrants to purchase 303,333 shares of common stock at an exercise price of $1.50 per share. The broker-dealer will also be paid a non-accountable 1% allowance (or $28,000) for expenses. Alexander Capital was also paid an upfront due diligence fee of $20,000.