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Qualigen Therapeutics Announces $4.5M Private Placement

Story Highlights
  • Qualigen raised $4.5 million from a private placement of Series A-3 Preferred Stock.
  • The issuance adjusted Series A-2 Preferred Stock conversion price, enhancing financial strategy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Qualigen Therapeutics Announces $4.5M Private Placement

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Qualigen Therapeutics ( (QLGN) ) just unveiled an announcement.

On July 28, 2025, Qualigen Therapeutics announced a private placement of its Series A-3 Preferred Stock, raising $4.5 million in gross proceeds. The company plans to use the funds for working capital and potentially for investor relations. The Series A-3 Preferred Stock is convertible into common stock and includes anti-dilution protections. The issuance has also triggered an adjustment to the conversion price of the company’s Series A-2 Preferred Stock, reflecting the company’s strategic financial maneuvers to strengthen its market position.

Spark’s Take on QLGN Stock

According to Spark, TipRanks’ AI Analyst, QLGN is a Underperform.

Qualigen Therapeutics’ overall stock score is low due to significant financial challenges, including declining revenue, substantial losses, and financial instability. The bearish technical analysis further dampens the outlook. However, recent corporate events like strategic investments and leadership changes provide a slight positive outlook on future potential improvements.

To see Spark’s full report on QLGN stock, click here.

More about Qualigen Therapeutics

Qualigen Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing novel therapeutics for the treatment of cancer and infectious diseases. The company’s pipeline includes QN-302, a selective G-quadruplex inhibitor targeting various tumor types including pancreatic cancer; QN-247, a nucleolin-targeting compound for hematologic malignancies; and a family of small-molecule RAS oncogene protein-protein interaction inhibitors, all designed to address areas of high unmet medical need, with potential for orphan drug designation.

Average Trading Volume: 838,548

Technical Sentiment Signal: Sell

Current Market Cap: $4.58M

Find detailed analytics on QLGN stock on TipRanks’ Stock Analysis page.

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