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LGVN - Longeveron down 16% after filing prospectus for resale of ~2.4M shares
Longeveron Inc.
Shares of Longeveron (LGVN -16.1%) are down today after the company filed a prospectus in regards to a resale of ~2.4M shares. Although Longeveron will not receive proceeds from the resale of Class A shares, the company may receive up to $21.3M million if all warrants are exercised for cash at $17.50 per share. Earlier this month, Longeveron received Orphan Drug designation for Lomecel-B for Hypoplastic Left Heart Syndrome.