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VXRT - Vaxart down 9% after pricing equity offering
Vaxart Inc.
Thinly traded nano cap Vaxart (VXRT-9.4%) is down on a 16x surge in volume in response to its $8M capital raise. Specifically, it is offering ~26.7M common shares, each with an accompanying five-year warrant to purchase one share at $0.30, at at combined price of $0.30. It is also offering pre-funded warrants to purchase up to 4.1M shares.
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