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

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

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

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.

Previous page： Dorsey-led Square rebrands to Block in nod to blockchain Next page： Tesla, Mastercard, Google top companies for future-readiness: IMD research

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Dorsey-led Square rebrands to Block in nod to blockchain

Dec 2, 2021

The San Francisco-based company said the name "Square" had become synonymous with it's seller business. The new name would distinguish the corporate entity from its businesses, Square added, a strategy similar to Meta Platforms Inc's rebrand last month.

Tesla, Mastercard, Google top companies for future-readiness: IMD research

Dec 15, 2021

The Future Readiness Indicator report, released by the Switzerland-based Institute for Management Development (IMD), analysed 86 highest-grossing companies in the four highest-revenue industries. While there is no Indian company on the list, the US led the chart with 40 companies, followed by seven each from China and Germany.

As ‘kickass’ Leena Nair takes over as Chanel CEO, a look at world’s other woman top bosses

Dec 15, 2021

Besides Leena Nair, who calls ex-PepsiCo CEO Indra Nooyi her ‘mentor and friend,’ there are three other Indian power women helming global companies.

Spyware firm NSO looking to shut down Pegasus unit, sell company, says report

Dec 14, 2021

NSO Group needs to pay back $450 million of its debt. The company is looking for a partial or complete sale to stay afloat but potential investors are likely to close down the notorious Pegasus spyware unit in the process, said the report.