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Quoin Pharmaceuticals ( NASDAQ: QNRX ) priced its reasonable best efforts public offering of 11.05B shares represented by 2.21M ADS at purchase price of $5/ADS and pre-funded warrants to purchase 5.75B shares represented by 1.15M ADS at a per pre-funded warrant price of $4.9999 for gross proceeds of $16.8M.
Offer closing is expected to occur on or about Aug.9.
Net proceeds to be used for general corporate purposes.