Silexion Therapeutics Announces Exercise of Warrants for $3.3 Million Gross Proceeds
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Silexion Therapeutics Corp. (NASDAQ: SLXN) announced the exercise of warrants for $3.3 million in gross proceeds. The funds will be used for general corporate purposes.
January 29, 2025 | 10:45 pm
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Silexion Therapeutics has secured $3.3 million through the exercise of warrants, which will be used as working capital for general corporate purposes. This financial move could provide the company with additional resources to advance its RNAi therapies.
The exercise of warrants provides Silexion Therapeutics with additional capital, which is crucial for a clinical-stage biotech company. This influx of funds can support ongoing research and development activities, potentially accelerating progress in their RNAi therapies. The market may view this positively as it strengthens the company's financial position.
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