04:42 AM EDT, 06/12/2025 (MT Newswires) -- Tonix Pharmaceuticals ( TNXP ) said Wednesday it entered into an agreement under which it may offer and sell, from time to time, shares worth up to $150 million.

The sales agreement is with A.G.P./Alliance Global Partners, the company said in a regulatory filing.

Shares of the company were nearly 16% lower in premarket activity on Thursday.