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Durham NC: Novan spinoff KNOW Bio raises $4.6M from 49 investors
DURHAM — Durham-based biotechnology company KNOW Bio LLC has raised another $4.6 million in an equity offering, according to a filing with the Securities and Exchange Commission.
In the company’s Form D, it declined to disclose the issuer size of the offering but did state that there are 49 investors and no minimum investment.
The proceeds will be used for salaries and other compensation and benefits. KNOW Bio clarified that no officers, directors or promoters will receive payment from the offering.
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