Genelux (GNLX) Prices 3M Share Offering at $3.50/sh

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Genelux Corporation Announces Pricing of $10.5 Million Underwritten Offering of Common Stock

March 25, 2025 8:31 AM EDT

WESTLAKE VILLAGE, Calif., March 25, 2025 (GLOBE NEWSWIRE) -- Genelux Corporation (Genelux) (Nasdaq: GNLX), a late clinical-stage immuno-oncology company, today announced the pricing of an underwritten offering of 3,000,000 shares of its common stock at an offering price of $3.50 per share. The gross proceeds to Genelux from the offering are expected to be $10.5 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Genelux.

Titan Partners Group, a division of American Capital Partners, is acting as sole bookrunner for the offering.

The net proceeds from the offering are to be used for... More