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home / articles / why avenue therapeutics atxi stock is falling sharpl mwn benzinga

ATXI - Why Avenue Therapeutics (ATXI) Stock Is Falling Sharply | Benzinga

Avenue Therapeutics Inc.

Avenue Therapeutics (NASDAQ:ATXI) shares are trading lower by 20.7% to $4.92 during Monday’s session after the company announced the exercise of warrants for $4.4 million in gross proceeds.

These warrants were issued at different times with various exercise prices, but the warrant holders have agreed to exercise them at a reduced price of $6.20 per share. The company expects to receive approximately $4.4 million in gross proceeds from this exercise.

In return for exercising the warrants, Avenue will issue new unregistered Series C and Series D warrants to the warrant holders, each allowing them to purchase up to 689,680 ...

ATXI) Stock Is Falling Sharply>Full story available on Benzinga.com
Stock Information
Company Name: Avenue Therapeutics Inc.
Stock Symbol: ATXI
Market: NASDAQ
Website: avenuetx.com
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