Evogene Prices $5.5M Registered Direct Offering Of 1,692,308 Shares And Concurrent Private Placement
Portfolio Pulse from Benzinga Newsdesk
Evogene has announced a $5.5 million registered direct offering of 1,692,308 shares, along with a concurrent private placement. This move is likely aimed at raising capital for the company's operations and growth initiatives.
August 23, 2024 | 12:57 pm
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Evogene has priced a $5.5 million registered direct offering of 1,692,308 shares and a concurrent private placement. This capital raise is likely intended to support the company's operations and growth strategies.
The direct offering and private placement indicate Evogene's efforts to raise capital, which could be used for expansion or operational needs. This is generally seen as a positive move for future growth, potentially leading to a short-term increase in stock price.
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