Joshua Korsen's questions to Panbela Therapeutics (PBLA) leadership • Q1 2024
Question
Inquired about the company's current cash position, plans to strengthen the balance sheet, and clarification on the components of the reported cash balance from Q1.
Answer
The company's cash burn is increasing to nearly $7 million per quarter. They filed an S-1 and plan to raise more capital upon uplisting to a national exchange. The reported Q1 cash balance included proceeds from a January offering but did not include a subsequent payment received in April.