NetworkNewsBreaks – Genprex, Inc. (NASDAQ: GNPX)
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Posted On: 01/23/2020 3:26:51 PM
NetworkNewsBreaks – Genprex, Inc. (NASDAQ: GNPX) Prices $8M Common Stock Offering At-The-Market
Genprex (NASDAQ: GNPX), a clinical stage gene therapy company developing a new and potentially life-saving approach to treating some of the world’s most deadly cancers based upon a novel proprietary technology platform, today announced its entry into securities purchase agreements with institutional investors for the purchase and sale of 7,620,000 shares of common stock. According to the update, the offering is priced at-the-market under Nasdaq rules with par value $0.001 per share at an offering price of $1.05 per share, pursuant to a registered direct offering. Gross proceeds will be approximately $8,000,000 before deducting fees and other estimated offering expenses, and the company intends to use the net proceeds to advance its lead clinical programs in non-small cell lung cancer (“NSCLC”) and for working capital and general corporate purposes. Closing of the registered direct offering is expected to occur on or about January 27, 2020, subject to the satisfaction of customary closing conditions.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Genprex (NASDAQ: GNPX), a clinical stage gene therapy company developing a new and potentially life-saving approach to treating some of the world’s most deadly cancers based upon a novel proprietary technology platform, today announced its entry into securities purchase agreements with institutional investors for the purchase and sale of 7,620,000 shares of common stock. According to the update, the offering is priced at-the-market under Nasdaq rules with par value $0.001 per share at an offering price of $1.05 per share, pursuant to a registered direct offering. Gross proceeds will be approximately $8,000,000 before deducting fees and other estimated offering expenses, and the company intends to use the net proceeds to advance its lead clinical programs in non-small cell lung cancer (“NSCLC”) and for working capital and general corporate purposes. Closing of the registered direct offering is expected to occur on or about January 27, 2020, subject to the satisfaction of customary closing conditions.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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