Iterum Therapeutics Commences $1.21 Per Unit Rights Offering for Antibiotics Development
Portfolio Pulse from Benzinga Newsdesk
Iterum Therapeutics (NASDAQ: ITRM) has commenced a rights offering, distributing subscription rights to shareholders and eligible warrant holders to purchase 8,503,800 units at $1.21 per unit. This move aims to support the development of next-generation antibiotics.
July 22, 2024 | 11:43 am
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Iterum Therapeutics has initiated a rights offering to raise funds for its antibiotics development. Shareholders and eligible warrant holders can purchase units at $1.21 each.
The rights offering is a strategic move to raise capital for the development of antibiotics, which could positively impact the company's financial health and stock price in the short term.
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