Gain Therapeutics Plans To Offer And Sell Shares Of Its Common Stock (Or Pre-funded Warrants In Lieu Thereof) In Public Offering
Portfolio Pulse from Benzinga Newsdesk
Gain Therapeutics plans to offer and sell shares of its common stock or pre-funded warrants in a public offering. The company expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares and warrants. Proceeds will be used for the development of GT-02287 and general corporate purposes.
June 13, 2024 | 8:46 pm
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Gain Therapeutics is offering shares of its common stock and pre-funded warrants in a public offering. The proceeds will be used for the development of GT-02287 and general corporate purposes.
Public offerings typically lead to a short-term decrease in stock price due to dilution. However, the use of proceeds for developing GT-02287 could be seen as a positive long-term investment.
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