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TCON - TRACON Pharmaceuticals announces $5M registered direct offering
TRACON Pharmaceuticals Inc.
TRACON Pharmaceuticals (TCON) has entered into a securities purchase agreement with an existing investor to sell an aggregate of 520,961 common shares in a registered direct offering at $9.61 per for the aggregate gross proceeds of $5M.Closing date is December 30, 2020. Net proceeds from the offering will be used to fund the ENVASARC pivotal study of envafolimab in sarcoma, further business development efforts, and for working capital and general corporate purposes. Source: Press Release