Enveric Biosciences, Entered Into A Purchase And Registration Rights Agreement, With Lincoln Park Capital Fund, Pursuant To Which Lincoln Park Has Committed To Purchase Up To $10M Of The Co's Common Stock
Portfolio Pulse from Benzinga Newsdesk
Enveric Biosciences has entered into a purchase and registration rights agreement with Lincoln Park Capital Fund. Under the agreement, Lincoln Park has committed to purchase up to $10M of Enveric's common stock, as per an SEC filing.
November 06, 2023 | 1:17 pm
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Enveric Biosciences has secured a commitment from Lincoln Park Capital Fund to purchase up to $10M of its common stock. This could provide a financial boost for the company.
The agreement with Lincoln Park Capital Fund provides Enveric Biosciences with a potential influx of capital through the sale of its common stock. This could strengthen the company's financial position in the short term, which may positively impact the stock price.
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