SNES - Amid Increase in Urban Rat Control Worries SenesTech Inc. (NASDAQ: SNES) Marks Growth Trajectory with New Rodent Birth Control Product $5M Public Offering
- A number of U.S. cities are reporting an increase in complaints about more brazen rat populations, prompting officials in New York City and elsewhere to devote greater revenues to control measures
- While many rodent control efforts involve traps and poisons, Arizona-based SenesTech Inc., is successfully marketing a one-of-a-kind non-lethal alternative that focuses on chemically preventing rats from birthing an astronomical number of pups throughout the year
- The company recently rolled out a soft bait fertility control product, adding it to its existing liquid product, opening up the vast professional and consumer rodent control market
- SenesTech also recently closed a public offering that will add $5 million to its balance sheet for further development of fertility control for animal pest populations
Rodent control innovator SenesTech (NASDAQ: SNES) is adding approximately $5 million to its balance sheet that it can use for research and development, capital expenditures, working capital, and general and administrative expenses, as well as potential acquisitions.
SenesTech recently closed a public offering of 3.8 million shares of its common stock and accompanying warrants to help advance its corporate strategies (https://ibn.fm/fXvTU). The company has been in a...
NOTE TO INVESTORS: The latest news and updates relating to SNES are available in the company’s newsroom at http://ibn.fm/SNES
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