Gain Therapeutics Announces Proposed Public Offering; No Size Or Amount Disclosed
Portfolio Pulse from Benzinga Newsdesk
Gain Therapeutics, Inc. has announced its intention to conduct a public offering of its stock. The company plans to use the proceeds from the offering to fund its operations, including the clinical development of its product candidates, working capital, and other general corporate purposes.
November 20, 2023 | 9:04 pm
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Gain Therapeutics, Inc. is planning a public offering which may dilute current shareholders but provide necessary capital for its operations and clinical developments.
Public offerings often lead to dilution of existing shares, which can negatively impact the stock price in the short term. However, the capital raised is crucial for the company's continued operations and development of its product candidates.
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