Pulmatrix (PULM) Prices 20M Share Registered Direct Offering at $2/Sh
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Pulmatrix Announces $40 Million Registered Direct Offering Priced At-the-Market under Nasdaq Rules
February 11, 2021 12:24 AM ESTLEXINGTON, Mass., Feb. 11, 2021 /PRNewswire/ --Â Pulmatrix, Inc. (NASDAQ: PULM), a clinical stage biopharmaceutical company developing innovative inhaled therapies to address serious pulmonary and non-pulmonary disease using its patented iSPERSE technology, today announced that it has entered into definitive agreements with healthcare-focused institutional investors for the purchase and sale of 20,000,000 shares of the Company's common stock, at a purchase price of $2.00 per share, in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about February 16, 2021, subject to the satisfaction of customary closing conditions.
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