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TRACON Pharmaceuticals (TCON) enters into an underwriting agreement with H.C. Wainwright & Co. to purchase on a firm commitment basis 2,617,802 shares at a public offering price of $3.82 per share.Gross proceeds of ~$10MOffering is expected to close on or about July 26, 2021.The company has a market cap of ~$80M, and the stock has scaled 176% over the last one year.Dig deeper iin price performance here.In recent news, 'TRACON gets Orphan Drug status for envafolimab in soft tissue sarcoma'Stock slumped 18% during after market hours.