tiprankstipranks
Tenax Therapeutics Raises $9M in Public Offering and Warrants
Company Announcements

Tenax Therapeutics Raises $9M in Public Offering and Warrants

Tenax Therapeutics (TENX) has released an update.

Don't Miss our Black Friday Offers:

Tenax Therapeutics, Inc. successfully completed a public offering on February 12, 2024, raising approximately $9.0 million in gross proceeds through the sale of common stock and warrants. This strategic move, which netted the company around $8.0 million after expenses, involved the issuance of over 421,000 shares and more than 1.1 million pre-funded warrants, with an additional 3.2 million common warrants to boost future capital. The warrants are exercisable immediately, offering long-term investment potential with a five-year expiration for common warrants and no expiration for pre-funded warrants, designed for investors approaching ownership thresholds.

For further insights into TENX stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyTenax Therapeutics reports Q3 EPS (19c) , consensus ($1.39)
TheFlyTenax Therapeutics reports Q3 EPS 19c, consensus ($1.39)
TipRanks Auto-Generated NewsdeskTenax Therapeutics Expands Stock Incentive Plan
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App