08:58 AM EDT, 09/27/2024 (MT Newswires) -- Eyenovia ( EYEN ) said Friday it signed an agreement for a $4 million registered direct offering with a healthcare institutional investor.

Eyenovia ( EYEN ) said it will offer about 8.7 million shares and warrants to acquire up to the same amount of shares for a combined offering price of $0.46 per share and accompanying warrant. The warrants have an exercise price of $0.50 each.

The offering is expected to close on Monday.

Shares of Eyenovia ( EYEN ) were down 7.1% in recent Friday premarket activity.

Price: 0.4300, Change: -0.03, Percent Change: -7.13