Enlivex Therapeutics Enters Agreement With Institutional Investor For Issuance And Sale Of 3,571,429 Ordinary Shares And Milestone-Linked Warrants; $5M Upfront With Up To Additional $10M Of Gross Proceeds Upon Exercise In Full Of Warrants
Portfolio Pulse from Benzinga Newsdesk
Enlivex Therapeutics has entered into an agreement with an institutional investor for the issuance and sale of 3,571,429 ordinary shares and milestone-linked warrants. The deal includes an upfront payment of $5 million and could generate up to an additional $10 million upon full exercise of the warrants.
May 28, 2024 | 12:15 pm
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Enlivex Therapeutics has secured a $5 million upfront investment from an institutional investor, with the potential to raise an additional $10 million through milestone-linked warrants. This influx of capital could support the company's ongoing projects and improve its financial stability.
The agreement provides immediate capital and the potential for additional funds, which could enhance Enlivex's financial position and support its operations. This is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
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