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LIXT - Lixte Biotechnology slumps 18% after raising ~$4.2M
Lixte Biotechnology Holdings Inc.
Lixte Biotechnology (LIXT) enters agreement for purchase and sale of 1.3M shares of common stock, at a purchase price of $3.70 per share, in a registered direct offering; gross proceeds $4.19M. Closing expected on or about March 2, 2021.Gross proceeds from the offering are expected to be approximately $4.19M.Net proceeds to serve working capital and general expenses including further development of its lead clinical compound LB-100.Shares -18% pre market