Monopar Therapeutics Announces Proposed Public Offering Of Common Stock To Fund R&D, Clinical Trials, And Working Capital
Portfolio Pulse from Benzinga Newsdesk
Monopar Therapeutics has announced a proposed public offering of its common stock. The funds raised will be used for research and development, clinical trials, and working capital.
October 28, 2024 | 8:02 pm
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Monopar Therapeutics is planning a public offering of its common stock to raise funds for R&D, clinical trials, and working capital.
The announcement of a public offering typically leads to a short-term decrease in stock price due to potential dilution of existing shares. The funds are intended for R&D and clinical trials, which are positive long-term but may not offset immediate dilution concerns.
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