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Oruka Therapeutics ( (ORKA) ) just unveiled an update.
Oruka Therapeutics, Inc. has announced a significant $200 million private placement, drawing interest from institutional and accredited investors. This strategic move involves selling shares of common stock, Series A preferred stock, and pre-funded warrants, which upon conversion and exercise, will increase the company’s common stock equivalents. The financing aims to bolster Oruka’s research and development efforts, supporting its operational plans through 2027. This private placement underlines investor confidence in Oruka’s potential to revolutionize the treatment of chronic skin diseases with its innovative biologics portfolio.
For detailed information about ORKA stock, go to TipRanks’ Stock Analysis page.
