Therapy Areas: Oncology
Genprex Inc expects USD8m from common stock offering priced at-the-market
24 January 2020 -

Gene therapy company Genprex Inc (NASDAQ:GNPX) Thursday announced the sale of 7,620,000 shares of common stock, par value USD0.001 per share, at-the-market offering price of USD1.05 per share, under purchase agreements with institutional investors.

There are no warrants in the offering, according to the company

Before deducting fees and other estimated offering expenses, the company expects gross proceeds from the offering of about USD8m.

Net proceeds may be used by the company to advance its lead clinical programmes in non-small cell lung cancer (NSCLC), working capital s well as for general corporate purposes.

AGP/Alliance Global Partners is acting as lead placement agent. Joseph Gunnar & Co LLC is acting as co-placement agent. The closing of the registered direct offering is expected to take place on or about 27 January 2020, subject to the satisfaction of customary conditions.

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