FINWIRES · TerminalLIVE
FINWIRES

$AIRX.CN

2 stories mentioning AIRX.CNUpdated just now

Every FINWIRES story that references AIRX.CN, newest first.

Mining & Metals

Redwood AI Closes C$3.5 Million Private Placement

Redwood AI (AIRX.CN) said after trade Tuesday it closed its private placement with a US institutional investor, raising up to C$3.5 million by through 1.66 million special warrants at C$2.11 apiece.Each special warrant will automatically convert into one unit of Redwood AI at no additional cost. Each unit consists of one common share and one common share purchase warrant. Each warrant allows the holder to buy one additional common share at C$2.48 for 60 months from the closing date, the company said.Proceeds will be used for working capital and general corporate purposes, the company said, adding that the securities issued under the offering remain subject to applicable Canadian and US resale restrictions.

$AIRX.CN
Mining & Metals

Redwood AI Collaborates with Resilience Biosciences For AI-Assisted Small-Molecule Drug Development

Redwood AI (AIRX.CN) is collaborating with Resilience Biosciences to help develop AI-assisted computational chemistry workflows for small-molecule drug development, the company said over the weekend.Resilience will use Redwood's AI platform to explore new drug-like molecules more efficiently, to identify "useful" chemical designs, a statement said."Small-molecule development requires a careful balance of creativity, scientific rigour, synthetic feasibility, and intellectual property awareness. Our goal is to give research teams better tools to explore chemical possibilities in a structured, secure, and scalable way," said Redwood chief executive Louis Dron."This collaboration demonstrates how AI can be applied to practical, IP-aware chemistry workflows that support a more efficient path from early molecular ideas to development-ready opportunities," he added.

$AIRX.CN

Track with the FINWIRES app suite

FolioX
FolioX
Track AIRX.CN in your portfolio
WheelAI
WheelAI
Analyze AIRX.CN options with the wheel strategy
StockInsider
StockInsider
See market sentiment on AIRX.CN