Enochian Biosciences (ENOB) Announces $29 Million Registered Direct Offering of Common Stock

June 14, 2021 2:54 PM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Enochian BioSciences, Inc., (NASDAQ: ENOB) a company focused on gene-modified cellular and immune therapies in infectious diseases and cancer, today announced that it has entered into a definitive securities purchase agreement with several institutional investors for the issuance and sale of an aggregate of 3,866,667 shares of its common stock at a purchase price of $7.50 per share of common stock a registered direct offering priced at-the-market under Nasdaq rules. The registered direct offering is expected to close on or about June 16, 2021, subject to the satisfaction of customary closing conditions.

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

The gross proceeds from the offering are expected to be approximately $29 million before deducting placement agent fees and other offering expenses. Enochian currently intends to use the net proceeds from the offering for working capital and general corporate purposes.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Equity Offerings, Momentum Movers, Trader Talk

Related Entities

S3, H.C. Wainwright