Univest Securities, LLC Announces Successful Closing of $5.1 Million Private Placement for Qualigen Therapeutics, Inc. (NASDAQ: QLGN)
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Univest Securities, LLC successfully closed a $5.1 million private placement for Qualigen Therapeutics, Inc. (NASDAQ: QLGN), involving 5,100 Series A-2 Preferred Shares. Qualigen focuses on developing cancer treatments with potential orphan drug designations.
November 25, 2024 | 10:15 pm
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Qualigen Therapeutics, Inc. (NASDAQ: QLGN) has secured $5.1 million through a private placement, enhancing its financial position to develop cancer treatments. This funding could positively impact its stock price in the short term.
The successful closing of a $5.1 million private placement provides Qualigen with additional capital to further its cancer treatment development. This financial boost is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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