MAIA Biotechnology, Inc entered into a Securities Purchase Agreement with certain accredited investors to issue 578,643 shares of common stock at a issue price of $2.295 per share and warrants to purchase up to 578,643 shares of Common Stock for gross proceeds of 41,327,985.685 on March 25, 2024. The Warrants are exercisable commencing six months following issuance and have a term of five years from the initial exercise date, at an exercise price per Share of $2.55. The transaction is expected to close on March 28, 2024.

The company will issue securities pursuant to exemption provided under Regulation D.