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home / news releases / ACHV - Achieve Life Sciences stock down on pricing $16.5M stock offering

ACHV - Achieve Life Sciences stock down on pricing $16.5M stock offering

Achieve Life Sciences Inc.

2023-05-25 09:23:57 ET

  • Achieve Life Sciences ( NASDAQ: ACHV ) shares are down 2.24% premarket on Thursday after the firm has entered into a securities purchase pact with certain institutional investors providing for the purchase and sale of 3M shares of common stock at a price of $5.50/share.
  • Gross proceeds from this offering are expected to be ~$16.5M.
  • Net proceeds from the offering will be used to fund product development and regulatory activities, and for working capital and general corporate purposes.
  • Offering is expected to close on or about May 30, 2023.

For further details see:

Achieve Life Sciences stock down on pricing $16.5M stock offering
Stock Information
Company Name: Achieve Life Sciences Inc.
Stock Symbol: ACHV
Market: NASDAQ
Website: achievelifesciences.com
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