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Applied DNA Sciences ( (APDN) ) has shared an update.
Applied DNA Sciences has announced a registered direct offering and concurrent private placement expected to raise $6.5 million, aimed at supporting its Therapeutic DNA Production Services. This offering includes shares of common stock and warrants, with pricing set at $0.32 per share. The company plans to use the proceeds for corporate purposes, including R&D and capital expenditures. Craig-Hallum acts as the exclusive placement agent, with the offering set to close on October 31, 2024, pending customary conditions.
For an in-depth examination of APDN stock, go to TipRanks’ Stock Analysis page.
