Women's Health is
Non-Negotiable

And it’s worth more than 1% of private healthcare investment.

It is time to invest like it — this public offering opens the door for people to help change the math. Daré Bioscience (Daré, we, us, our or the Company) is conducting an offering to allow individual investors to participate in our mission to help reshape women’s health.

Become an investor today with as little as $250!

$5
Per Unit

|

Nasdaq logo above the stock ticker symbol "DARE*" written in bold, dark red letters.

|

Offering is open to all investors

*Daré Preferred Shares are convertible shares of common stock traded on Nasdaq

Become an owner today

Early-stage biotech company offerings have often been reserved for institutional investors. We're working to change that by providing an opportunity for all individuals to invest in Daré.

This Regulation A offering opens the door for investors to join us as we focus on our near-term commercial opportunities and long-term mission.

Why This Matters:

Real Need, Real Science

Women’s sexual health deserves legitimate, clinically rigorous solutions.

First-Mover Advantage

DARE to PLAY™ is a potential breakthrough in an underserved category with massive potential.

Portfolio Approach

We’re advancing a diverse pipeline across sexual health, contraception, menopause, and vaginal health.

Mission-Driven Growth

Investment in women’s health innovations is long overdue, and we believe it offers a significant commercial opportunity.

OVER BEING OVERLOOKED™

Women’s health has been underfunded, under-researched, and underestimated for decades.

Daré is validating women’s experiences, challenging outdated assumptions, and working to bring real solutions to conditions that have been minimized for generations.

Our Approach:

  • Advanced science backed by rigorous research
  • Validation through peer review and clinical data
  • Dual-path model—pursuing FDA approval pathways while leveraging Section 503B compounding
  • Accelerated access without compromising credibility

Are you over it? Help change the math and invest today!

We're swapping silence for serious science and making the invisible solvable.

The Force Behind Daré

A Portfolio Assembled Exclusively for Women

Near-term revenue. Long-term Value.

Every program is rooted in advanced science. Our dual-path model—pursuing FDA approval pathways while leveraging Section 503B compounding—accelerates access while working to build long-term enterprise value.

Launching Now

DARE to PLAY™

A first-of-its-kind* topical arousal cream developed exclusively for women. Now accepting prescriptions nationwide in the pre-fulfillment phase.

What’s Launching Next

DARE to RESTORE™

Vaginal probiotics for microbiome health.

DARE to RECLAIM™

Hormone therapy for menopause symptoms.

Three wireframe dome structures are shown side by side, each with a cylindrical base and hemispherical top, illustrated with thin brown lines on a white background.
Two wireframe dome structures with vertical lines, shown side by side against a plain background.

In Development

Ovaprene®

Investigational monthly hormone-free intravaginal contraceptive (Phase 3).

DARE-VVA1

Investigational hormone-free vaginal insert for sexual pain post-menopause or breast cancer treatment.

DARE-HPV

Investigational antiviral vaginal insert for HPV-related cervical diseases.

The Future of Women's Health Needs Owners

MORE THAN AN INVESTMENT—JOIN A MOVEMENT.

As a thank you for supporting our mission, we’re offering exclusive perks based on investment level.

Woman in beige trench coat and brown cap with red text that reads "OVER BEING OVERLOOKED" and "DARE BIOSCIENCE," smiling and posing with arms raised.
A person standing in a field holds a black tote bag with an image of eyes and the text "Over Being Overlooked" in red.
A brown hair clip holds back brown hair. The clip is printed with the words "OVER BEING OVERLOOKED." The image shows the side and back of a person's head.
Two glasses of whiskey and three coasters with an image of eyes and the text "Over Being Overlooked" on a sunlit surface; an orange peel is nearby.

FAQS: Asked & Answered

The following set of frequently asked questions are intended to provide a summary of certain terms of the offering. This summary does not contain all the information you should consider prior to investing in the offering. You should read the offering circular for this offering and the documents incorporated by reference into the offering circular, including the factors described under the section titled “Risk Factors” of the offering circular, in their entirety before making an investment decision. The offering circular for this offering is available here.

EquiDeFi is Daré’s official investor platform for this Regulation A offering.

To complete your investment, you’ll be asked to set up a secure EquiDeFi account and answer a few standard verification questions.

Because this is a regulated investment offering, these questions are required for everyone who participates. They are designed to protect investors and help determine how much an individual is permitted to invest based on income, net worth, and certain professional affiliations.

You won’t need to upload documents if you’re an individual investor. Your information is used only to comply with securities regulations and calculate your investment limit. It will not be used for marketing or any unrelated purposes.

Investment Questions and Helpful Resources: 

Are you an accredited investor?
If not, don’t worry, you can still invest! Learn more

Are you affiliated with a broker dealer?
This is a standard regulatory question required for securities offerings. Learn more

What is your annual income and net worth?
This information is required to determine your allowable investment amount under Regulation A rules. Your net worth should not include the value of your primary residence. 

I’m ready to invest!

  • • The offering price per Unit is $5.00
  • • Each Unit consists of:
    • • 1 share of our Series A Convertible Preferred Stock, which is convertible into 2 shares of our common stock at the option of the holder thereof, subject to customary adjustments.
    • • 2 warrants, each of which is exercisable to purchase 1 share of our common stock at a price of $4.00, subject to customary adjustments, at any time through the 36-month anniversary of their issuance.
  • • We refer to the shares of our Series A Convertible Preferred Stock and the warrants that comprise a Unit as the “Preferred Shares” and “Warrants,” respectively.

In recognition of investors who share our mission to advance women’s health innovation, we intend to offer to eligible investors in this offering certain non-financial perks and benefits (“Investor Perks”). Investor Perks are not investment returns and do not affect the terms or value of the securities being offered. All Investor Perks are subject to terms and conditions, including that Daré reserves the right to modify, substitute, or discontinue any Investor Perk at its discretion; Investor Perks are non-transferable unless otherwise noted and may be subject to additional eligibility or participation requirements at the time of fulfillment. For additional information regarding the Investor Perks, including their terms and conditions, see the section titled “Investor Perks” under “Plan of Distribution” in the offering circular available here.

See Investor Perks

No, you do not need to be an accredited investor. However, if you are not an accredited investor, generally, no sale may be made to you in this offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or net worth. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d)(2)(i)(c) of Regulation A. For general information on investing, we encourage you to refer to www.investor.gov.

$250 per investor, subject to our right to accept a lesser amount.

When you complete the subscription process, you will be able to pay for the Units you subscribed to purchase by ACH, wire transfer or credit card. You can purchase the Units here.

The maximum amount that we are seeking to raise from investors in this offering is $24.3 million (excluding any proceeds we may raise from the exercise of the Warrants issued in this offering).  However, we are not required to sell any specific number or dollar amount of Units in this offering, and we may sell substantially less than the maximum amount we are seeking raise.

None of the Units, the Preferred Shares or the Warrants have been registered with the U.S. Securities and Exchange Commission or the securities agency or administrator of any state. However, issuance of the Units, the Preferred Shares and the Warrants to investors in this offering, as well as the shares of our common stock issuable upon conversion and exercise of the Preferred Shares and the Warrants, respectively, are exempt from such registration requirements under Regulation A of the Securities Act of 1933 and applicable state securities laws, and the shares of our common stock issuable upon conversion of the Preferred Shares and upon exercise of the Warrants, for purposes of federal securities laws, are not considered restricted securities and will be freely tradeable. You should be able to transfer your shares of common stock to your brokerage of choice to trade.

There is no public market for the Units, the Preferred Shares or the Warrants, and we do not expect one to develop or to seek a listing or quotation for any of them on a national securities exchange or over-the-counter market. However, the shares of our common stock issuable upon conversion and exercise of the Preferred Shares and Warrants, respectively, are currently listed on The Nasdaq Capital Market under the symbol “DARÉ.”

The Warrant is a financial instrument that gives the holder the right—but not the obligation—to purchase shares of our common stock at a purchase price of $4.00 per share (known as the exercise or strike price), subject to customary adjustments. The Warrants can be exercised at any time through the 36-month anniversary of their issuance. Warrants can be attractive because they allow investors to purchase the underlying shares at a fixed price over a specified period of time and may provide an opportunity to take advantage of potential stock price increases.

If at any time after issuance, any of the following events occurs, we will have the right to require the holders of our Preferred Shares to convert all, or any portion of, such shares into shares of our common stock: (a) a change in control, (b) if the closing price of our common stock is at or above $4.50 per share (subject to customary adjustments) for any 10 trading days out of any 30 consecutive trading day period, or (c ) if we consummate a firm commitment public offering of our common stock resulting in gross proceeds of at least $15.0 million at an offering price per share equal to or greater than $4.50 (subject to customary adjustments).

Commencing on the third anniversary of the initial closing of this offering and continuing indefinitely thereafter, we will have a right to call for redemption the outstanding Preferred Shares at a per share call price equal to the lesser of (i) the stated value per share (which is initially $5.00, subject to customary adjustments) plus a non-compounded rate of return calculated at 8% per annum, and (ii) 200% of the stated value per share, subject to customary adjustments.

If you invest in this offering, the Preferred Shares that form a part of the Units you purchase will be issued in book entry form (meaning electronic format), registered in your name and recorded in the books and records of our transfer agent. So, you will not receive a stock certificate representing the Preferred Shares, however you will receive a statement showing your ownership. You will receive a copy (either via email or a paper copy) of the Warrants that form a part of the Units you purchase.

  • • Each Preferred Share is convertible into 2 shares of our common stock at the option of the holder thereof, subject to customary adjustments.
  • • Each Warrant is exercisable to purchase one share of our common stock at a price of $4.00, subject to customary adjustments, any time through the 36-month anniversary of their issuance.

To convert your Preferred Shares, you will need to complete, sign and deliver to our transfer agent a Notice of Conversion. It is important to accurately complete the number of preferred shares held and the number of shares to convert. Note that Preferred Shares convert 1:2 into common stock, meaning for each share of preferred, it converts into 2 shares of common stock. Please be sure to sign the document.  Investors can send the Notice of Conversion to Equiniti directly at [email protected] or mail to Equiniti Trust Company, LLC, Attn: EQ – Automated Scanning Team, 1110 Centre Pointe Curve, Suite 101, Mendota Heights, MN 55120-4100.

To exercise your Warrants, you will need to complete, sign and deliver a notice of exercise to Daré Bioscience via email at [email protected] and pay the applicable exercise price for the number of shares of common stock you are electing to purchase.

None of the securities issued to investors in the offering are considered “restricted securities” under federal securities laws and are “freely tradable,” subject to compliance with state securities laws. However, although the shares of our common stock are currently listed on The Nasdaq Capital Market, there is no public market for the Units, the Preferred Shares or the Warrants, and we do not expect one to develop or to seek a listing or quotation for any of them on a national securities exchange or over-the-counter market. As such, we do not expect there be any market for the trading of any of the securities purchased in this offering, other than the shares of our common stock issuable upon conversion of the Preferred Shares and exercise of the Warrants. In addition, trading any of the securities purchased in this offering, including the shares of common stock issuable upon conversion of the Preferred Shares and exercise of the Warrants, may subject you to tax consequences. All investors are encouraged to consult their own personal financial and tax advisors before investing in this offering and in connection with any future transfer of the securities acquired in this offering.

We expect that you will be able to transfer the shares of common stock issued to you upon conversion of the Preferred Shares and exercise of the Warrants to your broker, subject to any applicable conditions or terms imposed by your broker. We do not expect that you will be able to transfer the Preferred Shares or the Warrants to your broker. However, neither we nor our transfer agent will charge you a fee to keep your Preferred Shares registered in your name in the books and records of our transfer agent, or to keep the shares of our common stock issued to you upon conversion of the Preferred Shares and/or exercise of the Warrants registered in your name in the books and records of our transfer agent. Note each broker has their own policies on transfers and it is important that you check with your broker first on how to transfer the shares.

Haskell & White LLP Website: https://www.hwcpa.com/

You can contact our investor relations team via email at [email protected].

The current transfer agent for our common stock is Equiniti Trust Company, LLC and that transfer agent will serve as the transfer agent for the Preferred Shares issued in this offering, as well. 


Website: https://equiniti.com/us/ast-access
Phone: 1-800-937-5449 (toll free) or 1-718-921-8124.
Email: [email protected]

For additional detailed information we encourage you to read the offering circular for this offering in its entirety available here.

Investor Resources

Three concentric red circles on a white background, each circle increasing in size from the center outward.

Offering Circular

Regulation A

Three red circles of varying sizes overlap each other on a light gray background, forming a simple abstract design.

Financial Information

SEC Filings, Annual Reports, Earnings and More

Three red circles of varying sizes intersect and overlap on a light gray background.

Investor Presentation

Vision, Market Opportunity, Products, Financials and Growth Strategy

Three red outlined circles of different sizes overlap on a plain light background.

Press Releases

Product Pipeline, Financial Reporting, Funding and More

Three overlapping, hand-drawn red circles of different sizes on a light background.

Stock Information

Historical Data & Analyst Coverage

Stay Connected to the Movement

Get updates on DARE to PLAY™, our pipeline, and possible investment opportunities in Daré as we continue working to reshape women’s health.

*DARE to PLAY™ is a first-of-its-kind product in that, to our knowledge, there are no other topical cream sildenafil products manufactured in accordance with cGMP requirements and supported by clinical data demonstrating increased genital blood flow within 10-15 minutes of application and improvements in arousal sensations using clinically validated and FDA-reviewed endpoints.

Important Disclosures

An offering statement regarding this offering has been filed with the U.S. Securities and Exchange Commission (the “SEC”). The SEC has qualified that offering statement, which only means that the company may make sales of the securities described by the offering statement. The offering circular that is part of that offering statement is available here. 

This Regulation A+ offering is made available through Digital Offering, LLC. This investment is speculative, potentially illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

The securities offered by Daré Bioscience Inc.  (“Daré”) are highly speculative. Investing in these securities involves significant risks. The investment is suitable only for persons who can afford to lose their entire investment. Investors must understand that such investment could be illiquid for an indefinite period of time. There is no existing public trading market for the Series A Preferred Stock or the related common stock purchase warrants. Daré does not intend to apply for listing of the Series A Preferred Stock or the common stock purchase warrants on a national securities exchange or to be quoted on an over-the-counter market.

Significant risk factors include: i) inability to raise additional capital or generate sufficient revenues to fund operations, ii) inexperience as a company and lack of infrastructure for commercializing products, iii) failure to complete development or obtain FDA or foreign regulatory approval for certain product candidates, iv) degree of market acceptance by any product and v) weak interest in women’s health relative to other healthcare sectors.  Additional information concerning Risk Factors related to the offering, including those related to the business, government regulations, intellectual property and the offering in general, can be found in the risk factor section of the Form 1-A offering circular.

Digital Offering, member FINRA/SIPC is the broker-dealer of record for this offering.

The securities being offered by Daré are not being offered to the residents of any jurisdiction in which such an offer is unauthorized or unlawful.

The investor perks are subject to terms and conditions, including that Daré reserves the right to modify, substitute, or discontinue any perk at its discretion; investor perks are non-transferable unless otherwise noted and may be subject to additional eligibility or participation requirements at the time of fulfillment. For additional information regarding the investor perks, including their terms and conditions, see the section titled “Investor Perks” under “Plan of Distribution” in the offering circular available here.

This website and the information presented herein may include “forward-looking statements” about Daré’s business strategy, plans, objectives and prospects, financial and operating performance, collaborations, intellectual property, products and investigational products. All statements, other than statements of historical fact are forward-looking statements. In some cases, forward-looking statements may be identified by terms such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “upcoming,” “design,” “intend,” “expect,” “could,” “plan,” “potential,” “positioned,” “pursue,” “seek,” “should,” “would,” “project,” “target,” “explore” “goal,” “on track,” or the negative version of these words and similar expressions. Forward-looking statements reflect management’s estimates and expectations based on current information and involve significant risks, uncertainties and assumptions. If underlying assumptions prove to be incorrect or known or unknown risks materialize, Daré’s actual results, performance or achievements may differ materially from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, without limitation, those related to: sufficiency of and ability to obtain additional capital to fund operations and execute Daré’s business strategy; Daré’s inexperience, as a company, in and lack of infrastructure for commercializing products; dependence on third parties over which Daré has limited or no control to conduct research and development activities, including clinical trials, manufacture products and investigational products, and commercialize products, and the risk that those third parties will not perform as required or expected; difficulties and delays in establishing and maintaining third-party collaborations; delays and disruptions in manufacturing products or investigational products, including due to supply chain disruptions; market demand for and acceptance of products; developments by competitors that make Daré’s products less competitive or obsolete; shifts in consumer spending or behavior; challenges and uncertainties inherent in new product research and development, including clinical trials, including the timing and costs thereof; decisions by regulatory authorities, including the U.S. Food and Drug Administration (FDA), regarding whether, when and on what conditions to approve or clear applications and other submissions relating to product development and marketing approval; changes in laws, regulations or regulatory guidance that impact Daré’s ability to bring proprietary solutions to market as compounded drug products under Section 503B of Federal Food, Drug, and Cosmetic Act or as consumer health products or to seek and obtain FDA approval of investigational products utilizing the regulatory pathway known as the FDA’s 505(b)(2) pathway, or that affect the pharmaceutical or health care industry; Daré’s ability to retain its licensed rights to develop and commercialize a product or product candidate; Daré’s and its licensors’ ability to obtain and maintain sufficient intellectual property protection; product access, coverage, pricing and reimbursement; product recalls; governmental investigations, actions or proceedings; litigation and legal proceedings, including product liability or intellectual property claims and actions; cybersecurity incidents or similar events that compromise Daré’s technology systems and/or significantly disrupt Daré’s business or those of third parties on which it relies; the effects of macroeconomic conditions, geopolitical events, and major changes and disruptions in U.S. government policies and operations; and Daré’s ability to maintain compliance with Nasdaq’s continued listing requirements and continue to have its common stock listed on The Nasdaq Capital Market. For a detailed discussion of factors that could cause Daré’s actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements, you are encouraged to review Daré’s filings with the U.S. Securities and Exchange Commission, including Daré’s recent filings on Form 8-K, Form 10-K and Form 10-Q, which are available via the “Investors” page at https://staging-daremain.wordkeeper.net and at www.sec.gov. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made regardless of the date on which you view them on this website or elsewhere. Daré assumes no obligation to update any forward-looking statements as a result of new information, future events or otherwise, except as may be required by law.

By accessing this site and any pages on this site, you agree to be bound by our Terms of Service and Privacy Policy, as may be amended from time to time without notice or liability.

You’re now leaving the Daré Bioscience website and will be redirected to EquiDeFi, Daré’s official investor platform for this Regulation A offering.

To complete your investment, you’ll be asked to set up a secure EquiDeFi account and answer a few standard verification questions.

EquiDeFi is Daré’s official investor platform for this Regulation A offering.

To complete your investment, you’ll be asked to set up a secure EquiDeFi account and answer a few standard verification questions.

Because this is a regulated investment offering, these questions are required for everyone who participates. They are designed to protect investors and help determine how much an individual is permitted to invest based on income, net worth, and certain professional affiliations.

You won’t need to upload documents if you’re an individual investor. Your information is used only to comply with securities regulations and calculate your investment limit. It will not be used for marketing or any unrelated purposes.

Investment Questions and Helpful Resources

Are you an accredited investor?
If not, don’t worry, you can still invest! Learn more

Are you affiliated with a broker dealer?
This is a standard regulatory question required for securities offerings. Learn more

What is your annual income and net worth?
This information is required to determine your allowable investment amount under Regulation A rules. Your net worth should not include the value of your primary residence.

You are now leaving the Daré Bioscience Corporate Site and On Your Way to Dare to Play™.

A first-of-its-kind female arousal cream.