ContraFect Enters Into Warrant Exercise Transaction For Proceeds Of $9.6M
Portfolio Pulse from Bill Haddad
ContraFect has entered into a warrant exercise transaction, raising $9.6 million in proceeds. The funds will be used for general corporate purposes.
June 27, 2023 | 12:40 pm
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POSITIVE IMPACT
ContraFect's warrant exercise transaction raises $9.6 million, which will be used for general corporate purposes.
The warrant exercise transaction will provide ContraFect with additional funds for general corporate purposes. This could potentially lead to growth and expansion, positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100