Actuate Therapeutics Prices ~$11M Offering Of 30,986M Common Shares, Warrants At $0.71 Per Unit

Actuate Therapeutics, Inc. (NASDAQ: ACTU) ("Actuate" or the "Company"), a clinical-stage biopharmaceutical company focused on developing novel therapies for difficult-to-treat cancers, today announced the pricing of an underwritten public offering of 30,985,900 shares of its common stock and warrants to purchase up to an aggregate of 15,492,950 shares of its common stock. The public offering price for each set of two shares of common stock and one accompanying warrant (each, a "Warrant" and collectively, the "Warrants") to purchase one share of common stock is $0.71 per set of securities (the "Offering"). The Warrants are being sold at the rate of one Warrant for every two shares of common stock. The Warrants will have an exercise price of $0.45 per share, are exercisable immediately upon issuance and will expire five years following the date of issuance. The shares of common stock and Warrants will be issued separately but can only be purchased together in the Offering.

In addition, the Company has granted the underwriter a 45-day option to purchase up to 4,647,885 additional shares of its common stock and additional Warrants to purchase up to 2,323,942 shares of common stock, at the underwriter’s discretion, at the public offering price per share of common stock or Warrant, less underwriting discounts and commissions.

The Offering is expected to close on October 28, 2026, subject to the satisfaction of customary closing conditions.

Newbridge Securities Corporation is acting as sole book-running manager for the Offering. The Black River Management LTD Branch Office of Newbridge Securities Corporation was responsible for sourcing and executing the Offering.

The gross proceeds to the Company from the Offering are expected to be approximately $11.0 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The potential additional gross proceeds from the Warrants, if fully exercised on a cash basis, will be approximately $7.0 million. No assurance can be given that any of the Warrants will be exercised. The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes.