IMUX - What's Going On With Immunic Stock? | Benzinga
Immunic, Inc. (NASDAQ: IMUX) shares are roughly flat following strength early Friday after the company announced a three-tranche private placement of up to $240 million.
The Details:
Immunic reported that the first tranche is an upfront payment of $80 million at $1.43 per share, expected to close on Jan. 8, subject to customary closing conditions.
The second tranche is a mandatory purchase of an additional $80 million of shares of common stock at $1.716 per share, representing 120% of the first ...