10:45 AM EDT, 03/19/2024 (MT Newswires) -- Genprex ( GNPX ) said Tuesday it launched a stock offering to raise $6.5 million.

The offering of 1.54 million common shares and accompanying warrants was priced at $4.215 a share, the company said. The warrants have an exercise price of $4.09 a share.

Genprex ( GNPX ) expects the offering to close by Thursday and plans to use the net proceeds for working capital and general corporate purposes.

The company's shares fell 14% in recent trading Tuesday.

Price: 3.53, Change: -0.56, Percent Change: -13.69