05:24 PM EDT, 05/23/2024 (MT Newswires) -- Genelux ( GNLX ) said late Thursday it launched an underwritten public offering of an undisclosed amount of its shares and accompanying warrants, with Guggenheim Securities as the book-runner.

The company expects to grant a 30-day option to the underwriters that covers up to an additional 15% of the number of shares sold in the offering, it said.

Genelux ( GNLX ) shares were down about 24% in after-hours activity.

Price: 3.4800, Change: -1.12, Percent Change: -24.35