Update: NRx Pharmaceuticals Looking to Sell Shares to Fund General Corporate Activities; Shares Slump Premarket-February 2024-www.financetom.com

Update: NRx Pharmaceuticals Looking to Sell Shares to Fund General Corporate Activities; Shares Slump Premarket

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Update: NRx Pharmaceuticals Looking to Sell Shares to Fund General Corporate Activities; Shares Slump Premarket

Apr 18, 2024 2:18 AM

04:59 AM EDT, 04/18/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

NRx Pharmaceuticals' ( NRXP ) shares slumped 21% early Thursday after the company disclosed plans for a stock offering.

Terms of the proposed sale, including the number and price, will be announced later, the company said late Thursday.

The proceeds will likely be used for working capital and general corporate purposes.

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