02:16 PM EST, 12/20/2024 (MT Newswires) -- Cyngn ( CYN ) said Friday that it priced a follow-on offering and plans to use the gross proceeds of about $20 million and cash at hand for working capital and other general corporate purposes.

Shares slumped 74% following a surge in intraday trading volume to over 23.3 million from a daily average of about 670,000.

Galectin Therapeutics ( GALT ) said Friday its trial evaluating belapectin in cirrhotic portal hypertension patients showed a 48.9% reduction in varices in the per-protocol population for the 2 mg/kg dose group. But, in the intent-to-treat population, the composite endpoint "did not reach statistical significance" even though the incidence of varices showed a 43.2% reduction.

Shares plunged 53% as intraday trading volume soared to over 7.7 million from the stock's daily average of about 294,000.

FingerMotion's ( FNGR ) shares sank 41% amid heavy trading after the technology company said it agreed with investors to raise $5 million in gross proceeds from the sale of common stock and warrants in a registered direct offering.

More than 3.2 million shares traded compared with a daily average of roughly 182,000.

Price: 0.42, Change: -1.19, Percent Change: -73.91