VBI Vaccines Raises $2 Million in Direct Offering
Company Announcements

VBI Vaccines Raises $2 Million in Direct Offering

VBI Vaccines Inc (VBIV) has released an update.

VBI Vaccines Inc. has launched a $2 million registered direct offering, priced according to Nasdaq rules, involving the sale of over 2.2 million common shares or equivalent pre-funded warrants, alongside a concurrent private placement of unregistered warrants. These warrants are immediately exercisable and set to expire in five years. The company aims to use the proceeds for working capital and general corporate purposes, with the offering set to close by April 11, 2024, pending customary conditions.

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

Related Articles
TheFlyBiotech Alert: Searches spiking for these stocks today
TheFlyBiotech Alert: Searches spiking for these stocks today
TheFlyThree new option listings and two option delistings on August 8th
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