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HSTO - Histogen under pressure on $4.5M registered direct offering
Histogen Inc.
Histogen (HSTO) to sell ~2.52M common shares at $1.78375/share, in a registered direct offering priced at-the-market under Nasdaq rules, for gross proceeds of ~$4.5M.Concurrently, the company will issue unregistered five and one-half years warrants to purchase 1,892,088 common shares at $1.70/share.Offering is expected to close on November 16. Net proceeds will be used for working capital and general corporate purposes.Shares down 5% premrket.