Cognition Therapeutics Starts Public Offering; Shares Decline-January 2024-www.financetom.com

Cognition Therapeutics Starts Public Offering; Shares Decline

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Cognition Therapeutics Starts Public Offering; Shares Decline

Mar 11, 2024 2:42 PM

05:26 PM EDT, 03/11/2024 (MT Newswires) -- Cognition Therapeutics ( CGTX ) said Monday it started an underwritten public offering of common shares.

The terms and size of the offering were not disclosed.

The company said it plans to grant the underwriter a 30-day option to buy up to an additional 15% share in the offering.

Cognition shares were down over 10% in recent after-hours trading.

Price: 1.77, Change: -0.2, Percent Change: -10.15

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