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NAYA Biosciences Raises $9.5M Amid Nasdaq Compliance Issues
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NAYA Biosciences Raises $9.5M Amid Nasdaq Compliance Issues

Story Highlights
  • NAYA Biosciences raised $9.5 million through a public offering completed on January 14, 2025.
  • Proceeds will fund strategic goals like debt reduction, preferred stock redemption, and clinical trials.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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NAYA Biosciences ( (NAYA) ) has provided an announcement.

On January 14, 2025, NAYA Biosciences completed a public offering of 13,615,171 units, raising approximately $9.5 million. The proceeds will be used for multiple strategic purposes, including funding the purchase of the Wisconsin Fertility Institute, redeeming preferred stock, addressing debt obligations, and supporting clinical trials and corporate activities. The company also received a compliance notice from Nasdaq regarding the failure to hold an annual meeting of shareholders but plans to address it by March 2025.

More about NAYA Biosciences

NAYA Biosciences is a life science portfolio company dedicated to developing breakthrough treatments in oncology, autoimmune diseases, and women’s health. Utilizing a hub & spoke model, it combines scalable commercial revenues with innovative clinical-stage therapeutics, featuring assets like bifunctional antibodies for various cancers and autoimmune conditions.

YTD Price Performance: -45.24%

Average Trading Volume: 260,940

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $2.24M

See more data about NAYA stock on TipRanks’ Stock Analysis page.

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