Scienture Holdings Announces Draw on ELOC, Temporarily Suspends Further Draws Until Reaching $10/Share or 30 Trading Days
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Scienture Holdings (NASDAQ: SCNX) has drawn on its Equity Line of Credit to support the launch of Arbli™ Oral Suspension. The company has temporarily suspended further draws until its stock reaches $10/share or after 30 trading days.
March 19, 2025 | 12:15 pm
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Scienture Holdings has utilized its ELOC to fund the launch of a new product, Arbli™ Oral Suspension, and has paused further draws until its stock price reaches $10 or after 30 trading days.
The draw on the ELOC indicates a strategic move to fund a new product launch, which could drive revenue growth. The suspension of further draws suggests confidence in stock price appreciation, potentially boosting investor sentiment.
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