Soleno Therapeutics shares are trading higher. The company announced the pricing of a $60 million underwritten public offering of 3 million shares at $20 per share and a $60 million securities purchase agreement.
Portfolio Pulse from Benzinga Newsdesk
Soleno Therapeutics has announced the pricing of a $60 million underwritten public offering of 3 million shares at $20 per share. Additionally, the company has a $60 million securities purchase agreement.
September 28, 2023 | 4:21 pm
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Soleno Therapeutics' stock is trading higher following the announcement of a $60 million public offering and a $60 million securities purchase agreement.
The announcement of a public offering and a securities purchase agreement typically indicates a company's strong financial position and future growth prospects. This news is likely to boost investor confidence in Soleno Therapeutics, leading to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100