Tonix Pharma (TNXP) Prices $4M Share and Warrant Offering at $1.065/sh

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Tonix Pharmaceuticals Announces Pricing of $4.0 Million Public Offering

June 12, 2024 9:00 AM EDT

CHATHAM, N.J., June 12, 2024 (GLOBE NEWSWIRE) -- Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) (Tonix or the Company), a fully-integrated biopharmaceutical company, today announced it has entered into a placement agency agreement for the purchase and sale of 3,753,558 shares of its common stock (or pre-funded warrants in lieu thereof) at an offering price of $1.065 per share (or $1.064 per pre-funded warrant in lieu thereof). The closing of the public offering is expected to take place on or about June 13, 2024, subject to the satisfaction of customary closing conditions.

The gross proceeds of the offering... More