PITTSBURGH, April 11, 2024 (GLOBE NEWSWIRE) -- Carmell Corporation (NASDAQ:CTCX), a bio-aesthetics company focused on skin and hair health ("Carmell", the "Company", "we", "our", or "us"), today announced the closing of its previously announced private placement with new and existing investors (the "Private Placement"). The Company received gross proceeds from the Private Placement of $3 million, excluding offering expenses. The Company issued and sold an aggregate amount of 1,331,452 shares of its common stock upon the closing of the Private Placement at a price of $2.88 per share for the Company's Chief Executive Officer (which was the closing sale price of the Company's common stock on the Nasdaq Capital Market on April 3, 2024) and at a price of $2.25 per share for all other investors in the Private Placement. Following the closing of the Private Placement, Carmell will have approximately 20.58 million shares of common stock outstanding. Said Mr. Rajiv Shukla, Chairman & CEO of Carmell, "We are grateful for the faith and support of our investors as we scale up our commercial launch efforts around our pipeline of 10 products built on a foundation of revolutionary anti-aging bio-aesthetics technology." Brookline Capital Markets, a division of Arcadia Securities, LLC, served as the exclusive placement agent for the private placement transaction. About CarmellCarmell is a bio-aesthetics company that utilizes the Carmell Secretome™ to support skin and hair health. The Carmell Secretome™ consists of a potent cocktail of growth factors and proteins extracted from allogeneic human platelets sourced from U.S. Food and Drug Administration-approved tissue banks. Over the past 7 years, the Company has extensively tested the technology underpinning the Carmell Secretome™. Additionally, the Company has developed a novel microemulsion formulation ...