Geovax Labs Inc. (GOVX) Prices 975.61K Share Offering at $5.125/sh

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GeoVax to Raise Approximately $5.0 Million of Gross Proceeds in Offering Priced At-the-Market

August 28, 2024 8:59 PM EDT

ATLANTA, GA, Aug. 28, 2024 (GLOBE NEWSWIRE) -- GeoVax Labs, Inc. (Nasdaq: GOVX), a clinical-stage biotechnology company developing immunotherapies and vaccines against cancer and infectious diseases, today announced that it has entered into a definitive securities purchase agreement with a certain institutional investor for the purchase and sale of 975,610 shares of the Companys common stock (or common stock equivalents) at a price of $5.125 per share in a registered direct offering priced at-the-market under Nasdaq rules.

In addition, in a concurrent private placement, the Company will issue to the investor warrants to purchase up to... More