Rapid Dose Therapeutics Corp. announced a private placement of unit at an issue price of CAD 0.30 per unit on May 25, 2022. Each unit consists of one common share and one common share purchase warrant which entitles the holder to acquire one common share of the company at CAD 0.40 per share. The Share Purchase Warrants expire twenty-four months from the date of issuance.

On the same date the company issued 506,157 Common Share Units a for proceeds to CAD 151,847 in its first tranche.