Abeona Therapeutics enters agreement for $30 million private placement
ABEO•Abeona Therapeutics announced an agreement for a private placement expected to raise $30 million before fees and expenses. It includes 6.4 million shares at $3.75 each and pre-funded warrants for up to 1,600,043 shares at $3.7499 per warrant.
1. Placement details
The placement includes 6,400,000 shares of common stock at $3.75 per share and pre-funded warrants covering up to 1,600,043 shares at $3.7499 per warrant. Abeona said net proceeds will fund general corporate purposes, including pipeline development and ZEVASKYN commercialization efforts.
