2023-06-16 08:26:47 ET
- Disruptive therapeutics company Panbela Therapeutics ( NASDAQ: PBLA ) said on Friday that it priced ~$8.5M public offering of shares.
- The offering involves 2.27M shares or pre-funded warrants and two classes of warrants to purchase up to 4.54M shares at $3.75 per share and associated public warrants.
- The public warrants have an exercise price of $3.75 per share.
- The offering is expected to close on or about June 21.
- The net proceeds are intended to be used for the continued clinical development of the company's product candidates, working capital, business development and other general corporate purposes, which may include repayment of debt.
- PBLA shares were trading -49.74% pre-market.
- Source: Press Release
For further details see:
Panbela Therapeutics prices ~$8.5M public offering of shares