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Stock impact report

Galectin Therapeutics Releases Richard E. Uihlein’s Open Letter to Stockholders Dated May 10, 2019

Galectin Therapeutics Inc. (GALT) 
Last galectin therapeutics inc. earnings: 11/12 08:00 am Check Earnings Report
Company Research Source: GlobeNewswire
NORCROSS, Ga., May 10, 2019 (GLOBE NEWSWIRE) -- Galectin Therapeutics, Inc. (NASDAQ: GALT), the leading developer of therapeutics that target galectin proteins, today released this open letter to stockholders written by its Board Chair Richard E. Uihlein.  The letter reads as follows: Dear Fellow Stockholders: As Chairman of Galectin Therapeutics, once again I wanted to address you directly. On April 15th the Company announced the record date, closing date and pricing of the rights offering.  I wanted to share my thoughts about the offering and our rationale for the pricing.  Also, I felt I should describe, from my perspective, how the offering will work. As I have previously expressed, in advocating for the rights offering to the board as our first option, my sole intention was to limit dilution to you, my co-investors.  The board and management agreed with me that a rights offering is the most democratic method of raising money.  While there are many different financing option Show less Read more
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