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OCUP - Ocuphire drops 11% on $15M at-the money direct offering
Ocuphire Pharma Inc Com
A clinical-stage ophthalmic biopharmaceutical company, Ocuphire Pharma (OCUP) enters into a securities purchase agreement with institutional investors for the purchase and sale of 3.07M shares and warrants to purchase 1.54M shares.It will be priced at a combined of $4.875 per one share and 0.5 warrant.The warrants will have an exercise price of $6.09 per share.Closing is expected to occur on or about June 8, 2021.Shares slump 11% pre-market.