Iterum Therapeutics shares are trading higher after the company announced it will receive gross proceeds of $7.4M from the expiration and results of its rights offering.
Portfolio Pulse from Benzinga Newsdesk
Iterum Therapeutics shares are trading higher following the announcement that the company will receive $7.4M in gross proceeds from the expiration and results of its rights offering.
August 09, 2024 | 5:42 pm
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Iterum Therapeutics shares are trading higher after the company announced it will receive $7.4M from its rights offering.
The announcement of securing $7.4M in gross proceeds from the rights offering is a positive development for Iterum Therapeutics, likely boosting investor confidence and driving the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100