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Tonix Pharmaceuticals Plans Stock Offering; Shares Fall After-Hours
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Tonix Pharmaceuticals Plans Stock Offering; Shares Fall After-Hours
Jul 8, 2024 2:45 PM

05:18 PM EDT, 07/08/2024 (MT Newswires) -- Tonix Pharmaceuticals ( TNXP ) said late Monday it plans to sell an undisclosed amount of its shares in a public offering, with Dawson James Securities as its placement agent.

The company said it intends to use the net proceeds for working capital and general corporate purposes.

Tonix shares were down about 20% in after-hours activity.

Price: 0.5688, Change: -0.14, Percent Change: -20.16

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