10:26 AM EDT, 07/03/2024 (MT Newswires) -- Immuron ( IMRN ) filed Wednesday a registration statement with the US Securities and Exchange Commission to raise up to $2 million through an at-the-market equity offering.

The registration statement filed by the company also included plans to raise up to $15M over three years, through a mixed offering of American Depositary Shares, representing ordinary shares, preference shares, warrants and units.

Immuron ( IMRN ) plans to use the net proceeds for general corporate purposes.

Shares of Immuron ( IMRN ) were down nearly 10% in recent Wednesday trading.

Price: 1.97, Change: -0.22, Percent Change: -9.86