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INNT - Innovate down 20% on capital raise dilution
Innovate Biopharmaceuticals Inc.
Nano cap Innovate Biopharmaceuticals (INNT-20%) is down on a healthy 44x surge in volume in reaction to its direct offering of ~4.3M common shares at $2.025 pre share to institutional investors. Gross proceeds should be ~$8.7M.
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