On August 10, Ocuphire Pharma Inc Entered Into A Common Stock Purchase Agreement With Lincoln Park Capital Fund; Agreement Provides Co Can Sell To Lincoln Park Up To $50M Of Shares Of Co's Common Stock Over 30-Month Term Of Purchase Agreement
Portfolio Pulse from Happy Mohamed
Ocuphire Pharma Inc has entered into a common stock purchase agreement with Lincoln Park Capital Fund. The agreement allows Ocuphire to sell up to $50M of its common stock to Lincoln Park over a 30-month term.
August 11, 2023 | 1:30 pm
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Ocuphire Pharma's agreement with Lincoln Park Capital Fund could provide the company with a significant capital influx over the next 30 months.
The agreement allows Ocuphire to sell up to $50M of its common stock to Lincoln Park, providing a potential source of significant capital. This could strengthen the company's financial position and potentially lead to positive investor sentiment, driving the stock price up in the short term.
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