Alpha Cognition Inc. announced a best efforts private placement of up to 29,545,455 units at a price of $0.22 per unit for the gross proceeds of $6,500,000 on May 30, 2023. Each unit consists of one common share and one-half of a warrant. Each whole warrant will entitle the holder to purchase an additional common share of the company at a price of $0.31 per share for a period of three years from the closing date.