Sonnet BioTherapeutics Announces Exercise Of Warrants For Gross Proceeds Of $3.4M
Portfolio Pulse from Benzinga Newsdesk
Sonnet BioTherapeutics has announced the exercise of warrants, resulting in gross proceeds of $3.4 million.
June 20, 2024 | 12:41 pm
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POSITIVE IMPACT
Sonnet BioTherapeutics has successfully raised $3.4 million through the exercise of warrants. This influx of capital could be used for further development and operational activities.
The exercise of warrants and the resulting $3.4 million in gross proceeds provide Sonnet BioTherapeutics with additional capital. This is likely to be viewed positively by investors as it strengthens the company's financial position and supports its ongoing projects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100