Longeveron Inc LGVN shares are trading lower by 22.8% to $1.25 Thursday morning after the company has finalized an agreement for a registered direct offering.
The offering involves the sale of 1,355,301 shares of common stock at $1.62 per share, with additional unregistered warrants for purchasing the same number of shares at the same price.
H.C. Wainwright & Co. is overseeing the offering as the exclusive placement agent. The expected gross proceeds amount to around $2.36 million, with the net proceeds intended for Longeveron's working capital and general corporate purposes.
The closing is projected around December 26, pending standard closing conditions.
See Also: Nasdaq Futures Surge On Micron Earnings
According to data from Benzinga Pro, MTCH has a 52-week high of $4.58 and a 52-week low of $1.40.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
