Adial Pharmaceuticals (ADIL) Prices $0.75M Share Offering at $0.41/sh
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Adial Pharmaceuticals Announces Pricing of $0.75 Million At-The-Market Registered Direct Offering
February 24, 2023 7:00 AM ESTCHARLOTTESVILLE, Va., Feb. 24, 2023 (GLOBE NEWSWIRE) -- Adial Pharmaceuticals, Inc. (NASDAQ: ADIL; ADILW) (Adial or the Company), a clinical-stage biopharmaceutical company focused on developing therapies for the treatment and prevention of addiction and related disorders, today announced that it has entered into a securities purchase agreement with a single institutional investor to purchase $0.75 million of its common stock in an at-the-market registered direct offering.
The purchase price for one share of common stock is $0.41. Under the terms of the securities purchase agreement, Adial has agreed to sell 1,829,269 shares of common stock.
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