Bio-Path Holdings (BPTH) announced a registered direct offering to institutional investors of 5,882,353 shares of common stock and warrants to purchase up to 2,941,177 shares of common sold as units. Each unit consists of one share of common stock and a five-year warrant to purchase one half of a share of common stock at $1.70 per unit. The warrants are exercisable at $2.30 per share of stock. The offering is expected to close on July 5th.