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HEPA - Hepion Pharma plummets 26% on capital raise
Hepion Pharmaceuticals Inc.
Hepion Pharmaceuticals (HEPA) plunges 26% premarket after pricing its public offering of 44.2M common shares at $2.00/share, for gross proceeds of $88.4M. Net proceeds will be used to fund R&D activities, as well as for working capital and other general corporate purposes.Closing date is February 18.Previously (Feb. 12): Hepion to raise capital in proposed public offering