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The latest update is out from Kane Biotech ( (TSE:KNE) ).
Kane Biotech has completed the second and final closing of its private placement offering, raising a total of $1,698,500 by issuing 16,985,000 shares. The proceeds will be used for working capital and general corporate purposes, enabling the company to pursue government funding opportunities and strategic investments that align with its growth and innovation objectives.
More about Kane Biotech
Kane Biotech Inc. is a biotechnology company focused on the research, development, and commercialization of technologies and products that prevent and remove microbial biofilms. The company boasts a comprehensive portfolio of biotechnologies, intellectual property, including 65 patents and patents pending, and various products developed through its biofilm research expertise.
YTD Price Performance: -4.55%
Average Trading Volume: 85,320
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$14.44M
For an in-depth examination of KNE stock, go to TipRanks’ Stock Analysis page.
