Scinai Immunotherapeutics Enters $2M Investment Commitment Agreement With RK Stone Miami, Allowing For ADS Sales Through December 2024 At Company's Discretion
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Scinai Immunotherapeutics has entered into a $2 million investment commitment agreement with RK Stone Miami. This agreement allows Scinai to sell American Depositary Shares (ADS) at its discretion through December 2024.
August 20, 2024 | 1:31 pm
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Scinai Immunotherapeutics has secured a $2 million investment commitment from RK Stone Miami, allowing it to sell ADS at its discretion until December 2024. This provides Scinai with financial flexibility and potential capital for growth.
The $2M investment commitment provides Scinai with the ability to raise capital as needed, which can be used for growth initiatives or operational needs. This flexibility is likely to be viewed positively by investors, potentially boosting the stock price in the short term.
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