Kalkine has a fully transformed New Avatar.
The Offer
Company Overview
Jupiter Neurosciences, Inc. is a clinical-phase exploration and advancement pharmaceutical corporation positioned in Jupiter, Florida. In January 2016, the Company was set up in Delaware. The Company has created a distinctive resveratrol platform product that focuses on treating neuroinflammation. The business is focusing on Mucopolysaccharidoses Type 1, Friedreich's Ataxia, MELAS, and ALS at an earlier stage of research, among other rare illnesses, for which the pharmaceutical candidate, known as JOTROL, has numerous possible indications of usage. The company's early development effort in TBI/concussions is largely aimed toward Mild Cognitive Impairment/early Alzheimer's disease in the more widespread disease regions.
Key Highlights
Primary Offering: The Company is accepting applications for 2,500,000 Shares and expects the IPO price to be in the range of USD 5.00 - USD 7.00, therefore taking USD 6.00 per share as a mid-point to raise USD 15,000,000. After deducting projected underwriting discounts and commissions (7.00% of the gross proceeds of the offering) and the firm's expected offering expenses of USD 744,370, the business anticipates receiving net proceeds from this offering of around USD 13,205,630.
Use of proceeds:
Dividend policy: Since inception, the firm has neither declared nor distributed any cash dividends on its capital stock. JUNS does not currently plan to pay any cash dividends and currently aims to keep any potential future earnings.
Industry & Market Overview:
Product pipeline:
The table below provides the company’s current estimate of its timeline:
Financial Highlights (Expressed in USD):
Key Management Highlights
Risk Associated (High)
Investment in the IPO of “JUNS” is exposed to a variety of risks such as:
Conclusion
JUNS’ performance in the first half of FY22 shows increased expenses compared to the corresponding period of the previous financial year, resulting in increased operating losses and net losses for the company. Revenues, operating losses, and net losses all have worsened during the six months ended June 30, 2022, with currently no revenues from product sales in Q2FY22. Although it is anticipated that JUNS will have opportunities to expand using IPO funds, the success of the company's entire operation is dependent on the outcome of the current trial for its drug JOTROL.
Hence, given the financial performance of the company in the six months ended June 30, 2022, increasing losses, and associated risks “Jupiter Neurosciences Inc (JUNS)” IPO seems “Neutral" at the IPO price.
Disclaimer - This report has been issued by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and prepared by Kalkine and its related bodies corporate authorised to provide general financial product advice. Kalkine.com.au and associated pages are published by Kalkine.
Any advice provided in this report is general advice only and does not take into account your objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your objectives, financial situation and needs before acting upon it.
There may be a Product Disclosure Statement, Information Statement or other offer document for the securities or other financial products referred to in Kalkine reports. You should obtain a copy of the relevant Product Disclosure Statement, Information Statement or offer document and consider the statement or document before making any decision about whether to acquire the security or product.
You should also seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice in this report or on the Kalkine website. Not all investments are appropriate for all people.
The information in this report and on the Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of information contained in its reports, newsletters and websites. All information represents our views at the date of publication and may change without notice.
Kalkine does not guarantee the performance of, or returns on, any investment. To the extent permitted by law, Kalkine excludes all liability for any loss or damage arising from the use of this report, the Kalkine website and any information published on the Kalkine website (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine hereby limits its liability, to the extent permitted by law, to the resupply of services.
Please also read our Terms & Conditions and Financial Services Guide for further information.
On the date of publishing this report (referred to on the Kalkine website), employees and/or associates of Kalkine and its related entities do not hold interests in any of the securities or other financial products covered on the Kalkine website unless those persons comply with certain safeguards, procedures, and disclosures.
Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.