Aslan Pharmaceuticals stock plunges after stock offering prices at a 52% discount [MarketWatch]
ASLAN Pharmaceuticals Limited - American Depositary Shares (ASLN)
US:NASDAQ Investor Relations:
ir.aslanpharma.com
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Source: MarketWatch
Aslan Pharmaceuticals stock plunges after stock offering prices at a 52% discount The U.S.-listed shares of Aslan Pharmaceuticals Ltd. ASLN, -48.85% plunged 47% in active afternoon trading on Tuesday, after the Singapore-based biotechnology company's stock offering priced at less than half the previous session's closing price. Trading volume was 7.4 million shares, compared with the full-day average of about 2.1 million shares. The company announced in midday trading Monday that it had commenced a public offering of American Despositary Shares , but did not disclose the number of ADS to be sold or estimate a price. The stock closed Monday at $5.20, a 14-fold rise from the Nov. 13 record closing low of 37 cents, amid upbeat data from studies of its ASLAN004 and ASLAN003 products . Late Monday, the company said its public offering of about 5.1 million ADS priced at $2.50 per ADS, or 52% below Monday's closing price, for expected proceeds of about $12.8 million. All of the ADS in the
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ASLN
News
- ASLAN Pharmaceuticals Limited (NASDAQ: ASLN) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $9.00 price target on the stock.MarketBeat
- ASLAN Pharmaceuticals Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Corporate Update [Yahoo! Finance]Yahoo! Finance
- ASLAN Pharmaceuticals Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Corporate UpdateGlobeNewswire
- Are Medical Stocks Lagging ASLAN Pharmaceuticals (ASLN) This Year? [Yahoo! Finance]Yahoo! Finance
- Aslan Pharmaceuticals to Present at the 2nd Annual H.C. Wainwright Autoimmune and Inflammatory Disease Virtual Conference: Skin Diseases, Conditions and Disorders [Yahoo! Finance]Yahoo! Finance
ASLN
Analyst Actions
- 4/15/24 - HC Wainwright
ASLN
Sec Filings
- 4/12/24 - Form 424B5
- 4/12/24 - Form 6-K
- 4/12/24 - Form S-8
- ASLN's page on the SEC website