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Stock impact report

COCRYSTAL PHARMA, INC. ANNOUNCES CLOSING OF $2.2 MILLION REGISTERED DIRECT OFFERING

Cocrystal Pharma, Inc. (COCP) 
NASDAQ:AMEX Investor Relations: cocrystalpharma.com
Company Research Source: GlobeNewswire
BOTHELL, WA, Feb. 03, 2020 (GLOBE NEWSWIRE) -- COCRYSTAL PHARMA, INC. (NASDAQ: COCP) (“Cocrystal” or the “Company”), a clinical stage biotechnology company discovering and developing novel antiviral therapeutics, today announced the closing of its registered direct offering with two institutional investors for 3,492,063 shares of common stock. All of the common stock was sold at $0.63 per share for gross proceeds to the Company totaling approximately $2.2 million, before deducting placement agent commissions and expenses. Cocrystal intends to use the net proceeds from the offering for working capital and other general corporate purposes. A.G.P./Alliance Global Partners acted as sole placement agent for the offering. Aegis Capital Corp. acted as the Company’s financial advisor. “We are grateful to have the continued and growing support of institutional investors who see the increasing potential in Cocrystal. We were opportunistic with the timing of this offering as we wanted to e Show less Read more
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