2023-05-25 09:23:57 ET
- Achieve Life Sciences ( NASDAQ: ACHV ) shares are down 2.24% premarket on Thursday after the firm has entered into a securities purchase pact with certain institutional investors providing for the purchase and sale of 3M shares of common stock at a price of $5.50/share.
- Gross proceeds from this offering are expected to be ~$16.5M.
- Net proceeds from the offering will be used to fund product development and regulatory activities, and for working capital and general corporate purposes.
- Offering is expected to close on or about May 30, 2023.
For further details see:
Achieve Life Sciences stock down on pricing $16.5M stock offering