Reported Earlier, Oragenics Prices Public Offering 1.4M Common Shares At $1.50/Share For Gross Proceeds Of $2.1M
Portfolio Pulse from Benzinga Newsdesk
Oragenics has announced the pricing of its public offering at $1.50 per share, issuing 1.4 million common shares to raise $2.1 million in gross proceeds. The funds are intended for the development of ONP-002, a drug for treating concussions, and for general corporate purposes.

February 28, 2024 | 7:33 am
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Oragenics aims to raise $2.1M through a public offering of 1.4M shares at $1.50 each, funding the development of concussion treatment ONP-002.
The successful pricing and completion of this public offering provide Oragenics with necessary funds to advance the development of ONP-002, a potentially groundbreaking treatment for concussions. This development is likely to be viewed positively by investors, as it not only demonstrates the company's ability to secure funding but also progresses a key product in its pipeline. The focus on a unique neurosteroid drug compound could position Oragenics favorably in the biotech market, potentially leading to a short-term positive impact on its stock price.
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