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Stock impact report

Cognition Therapeutics announces pricing of stock offering to raise $11.5M [Seeking Alpha]

Cognition Therapeutics, Inc. (CGTX) 
Company Research Source: Seeking Alpha
at an offering price of $1.75 per share of common stock, with an expected gross proceeds of approximately $11.5 million. Shares of CGTX fell 3.55% in premarket trading on Tuesday. The company has also granted the underwriters a 30-day option to purchase up to 985,714 additional shares of its common stock. The company intends to use the net proceeds from this offering to fund research, clinical development, process development, and manufacturing of Cognition's product candidates, working capital, capital expenditures, and other general corporate purposes. The company expects to close the offering on March 14, 2024. More on Cognition Therapeutics Recommended For You Recommended For You About CGTX Stock Related Stocks Trending Analysis Trending News Show less Read more
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