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home / articles / LGVN - Why Longeveron (LGVN) Shares Are Down 15% | Benzinga

LGVN - Why Longeveron (LGVN) Shares Are Down 15% | Benzinga

Longeveron Inc.

Longeveron Inc (NASDAQ:LGVN) shares are trading lower by 12.8% to $3.40 during Thursday’s session after the company announced a $9 million registered direct offering of 2.2 million shares of its common stock at $4.025 per share.

The offering also consists of unregistered warrants for the same number of shares at $3.90 each. The total proceeds of approximately $9 million will be used for clinical development of Lomecel-B™, regulatory approvals, capital expenditures, and other corporate needs.

The offering, managed by H.C. Wainwright & Co., is expected to close ...

LGVN) Shares Are Down 15%>Full story available on Benzinga.com
Stock Information
Company Name: Longeveron Inc.
Stock Symbol: LGVN
Market: NASDAQ
Website: longeveron.com
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