Neuropathix, Inc. (OTCPK:NPTX) announced that it has entered into a letter agreement with Lyons Capital LLC for private placement of 3,500,000 shares at a price of $0.345 per share for gross proceeds of $1,207,500 on February 10, 2021. The company will also issue 1,750,000 warrants exercisable at $0.22 per share and 1,750,000 warrants exercisable at $0.27 per share until February 10, 2026. The securities will be issued pursuant to exemptions provided by Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D promulgated thereunder.