Evoke Pharma Announces It Recieved $3M In Gross Proceeds From Existing Warrants And Board Expansion; Portion Of The Proceeds Received From Warrants Executed At $8.16/share
Portfolio Pulse from Benzinga Newsdesk
Evoke Pharma received $3 million from existing warrants, with proceeds to support working capital and GIMOTI commercialization. Nantahala will nominate two board seats.
October 01, 2024 | 12:39 pm
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Evoke Pharma received $3 million from existing warrants, which will be used for working capital and advancing GIMOTI commercialization. Nantahala will nominate two board seats, potentially influencing company strategy.
The $3 million proceeds from warrant exercises provide Evoke Pharma with additional capital to support its operations and GIMOTI commercialization efforts. The involvement of Nantahala in nominating two board seats suggests potential strategic shifts or increased influence, which could positively impact investor sentiment.
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