Tapimmune Inc., of Jacksonville, Fl., raised gross proceeds of about $8.5 million from two transactions: a $2.5 million private placement with new investors who agreed to buy about 6.3 million shares of the company’s common stock (OTCQB:TPIV) and five-year warrants to purchase an equal number of the company’s shares at an exercise price of 50 cents per share; and the exercise of outstanding warrants from existing investors that will generate gross proceeds of $6 million.