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home / news releases / ALRN - Aileron raises $40M via equity offering


ALRN - Aileron raises $40M via equity offering

Aileron Therapeutics ([[ALRN]] -8.8%) has announced the sale of 32.6M of its shares of common stock at $1.10/share, in a registered direct offering priced at-the-market. The offering is expected to complete by January 8.Gross proceeds of $35.9M will be used to fund clinical development of ALRN-6924 and for working capital and other general corporate purposes.

For further details see:

Aileron raises $40M via equity offering
Stock Information

Company Name: Aileron Therapeutics Inc.
Stock Symbol: ALRN
Market: NASDAQ
Website: aileronrx.com

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