Aclaris Therapeutics Announces $80 Million Private Placement
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Aclaris Therapeutics, a clinical-stage biopharmaceutical company, announced an $80 million private placement through the sale of 35,555,555 shares at $2.25 each. The transaction is expected to close on November 19, 2024, pending customary conditions.
November 18, 2024 | 1:30 pm
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Aclaris Therapeutics announced a private placement of $80 million by selling 35.5 million shares at $2.25 each. This capital raise is expected to close on November 19, 2024.
The private placement provides Aclaris with significant capital, which can be used to advance its drug development pipeline. The share price of $2.25 is a key detail for investors, and the successful closing of this transaction could positively impact the stock price in the short term due to improved financial stability and potential for growth.
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