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Oragenics Stock Falls After Public Offering Priced to Raise $4.45 Million
2024-09-04 23:26
11:26 AM EDT, 09/04/2024 (MT Newswires) -- Oragenics (OGEN) shares fell 46% in recent Wednesday trading after the company priced a public offering of about 8.11 million shares at $0.55 apiece for gross proceeds of $4.45 million.
Net proceeds will be used to fund the development of the company's ONP-002 product candidate and for general corporate purposes and working capital, Oragenics said Wednesday.
The offering is expected to close around Thursday.
Price: 0.58, Change: -0.50, Percent Change: -46.26
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