Reported Earlier, TransCode Therapeutics Prices $3M Public Offering Of 10M Common Shares At $0.30/Share
Portfolio Pulse from Benzinga Newsdesk
TransCode Therapeutics has announced a $3 million public offering of 10 million common shares at $0.30 per share. The proceeds will be used for product development, including clinical trials for its lead therapeutic candidate TTX-MC138, and for general corporate purposes.
July 23, 2024 | 6:21 am
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TransCode Therapeutics has priced a $3 million public offering of 10 million common shares at $0.30 per share. The funds will be used for product development, including clinical trials for TTX-MC138, and general corporate purposes.
The public offering at a low price per share may dilute existing shareholders' value, potentially leading to a short-term decline in stock price. However, the funds raised will support important product development activities.
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