In October Sonnet BioTherapeutics Completed Public Offering Of $4.55M Which Is Expected To Provide Cash Runway Into Q3 2024
Portfolio Pulse from Benzinga Newsdesk
Sonnet BioTherapeutics has completed a public offering of $4.55 million in October. The funds raised are expected to provide a cash runway into the third quarter of 2024.
October 31, 2023 | 11:42 am
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The successful public offering by Sonnet BioTherapeutics is expected to provide financial stability for the company until Q3 2024.
The successful completion of the public offering means that Sonnet BioTherapeutics has secured additional funding, which is expected to provide a cash runway into Q3 2024. This financial stability could potentially lead to a positive impact on the company's stock price in the short term.
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