Spruce Biosciences Inc (SPRB)

[pzottkpz]

company

burning almost $12MM a month
$SPRB assets minus liabilities doesn’t give them a year at that rate

The Company anticipates that it will need to raise substantial additional financing in the future to fund its operations. In order to meet these additional cash requirements, the Company may seek to sell additional equity or issue debt, convertible debt or other securities that may result in dilution to its stockholders. If the Company raises additional funds through the issuance of debt or convertible debt securities, these securities could have rights senior to those of its shares of common stock and could contain covenants that restrict its operations.

there’s a reason why these companies trade at 1/2 cash or less

oh the unknown

oh noooooooooooooooooo