CollPlant Biotechnologies Announces Private Placement Of 989,301 Shares And Warrants To Purchase Up To 1,483,952 Shares At $3.74/Unit

The private placement, which is comprised primarily of the Company's existing investors, reflects confidence in CollPlant's expanded strategic vision and its execution capabilities in deep-tech photonic computing. The warrants will have an exercise price of $3.74 per share, will be exercisable immediately upon issuance and will expire five years after the effective date of a registration statement registering the shares issuable upon exercise of the warrants. The private placement is expected to close on or about October 14, 2026, subject to the satisfaction of customary closing conditions.

The gross proceeds from the private placement, before deducting the placement agent's fees and other related expenses payable by the Company, are expected to be approximately $3.7 million. CollPlant intends to use the net proceeds  from this offering primarily to accelerate the research and development programs of its subsidiary, LightSolver, focusing on the advancement and scalability of its proprietary laser-based supercomputing architecture and Laser Processing Unit (LPU™) technology as well as general corporate purposes including working capital.