Alpha Cognition Inc. announced a private placement of 6,114,058 units at a price of $0.22 per unit for the gross proceeds of $1,345,093.04 on August 31, 2023 Each Unit consists of a common share and a half warrant, with each whole warrant entitling the holder to purchase an additional common share at a price of $0.31 for a period of three years. As a part of the transaction, the company paid a placement agent fee of $180,051 and issued 272,803 compensation warrants of the company which may be exercised on the same terms as the private placement warrants. All securities issued pursuant to the Offering and the Continued Offering will be subject to a four month statutory hold period under Canadian securities laws, and restrictions under U.S. securities laws which generally restrict resales for a period of 12 months.