09:19 AM EDT, 06/20/2024 (MT Newswires) -- GRI Bio ( GRI ) has filed a preliminary prospectus for an offering of an undisclosed amount of common shares and accompanying warrants to purchase common shares.

The company said it plans to use the net proceeds from the offering for product candidate development activities and general corporate purposes.

Shares of GRI Bio ( GRI ) were down more than 7% in pre-bell activity Thursday.

Price: 2.7200, Change: -0.22, Percent Change: -7.48