Why Acasti Pharma (ACST) Stock Is Exploding Higher
Portfolio Pulse from Henry Khederian
Acasti Pharma Inc (NASDAQ:ACST) shares surged by 34.3% after the company announced $7.5 million in private placement equity financing. The funds will be used for clinical trial expenses, pre-commercial planning, working capital, and other general corporate purposes.
September 26, 2023 | 2:57 pm
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Acasti Pharma's stock price surged following the announcement of $7.5 million in private placement equity financing. The funds will be used for various corporate purposes.
The surge in Acasti Pharma's stock price is directly linked to the announcement of the private placement equity financing. This influx of funds is expected to support the company's operations, including clinical trials, which could potentially lead to positive outcomes and further boost the company's stock price.
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