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TYME - Tyme Technologies to raise $100M via share sale
Tyme Technologies Inc.
Tyme Technologies (TYME) inks agreements with institutional investors for the sale of 40M common shares at $2.50/share in a registered direct offering priced at-the-market.Expected gross proceeds are $100M. Net proceeds will be used for development of clinical and preclinical assets, for general corporate purposes, and to acquire or invest in businesses.Closing date is February 8.Shares down 6% after-hours.