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Stock impact report

Idera jumps 39% after hours on bullish capital raise [Seeking Alpha]

Idera Pharmaceuticals, Inc. (IDRA) 
Last idera pharmaceuticals, inc. earnings: 11/6 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.iderapharma.com/investor-overview
Company Research Source: Seeking Alpha
Healthcare|On the MoveIdera jumps 39% after hours on bullish capital raiseApr. 7, 2020 5:11 PM ETIdera Pharmaceuticals,... (IDRA)Douglas W. HouseThinly traded nano cap Idera Pharmaceuticals (NASDAQ:agreementTranche 1 consists of stock priced at $1.52 per share and three-year warrants to purchase shares at $2.28 yielding gross proceeds of $5.0M.The investor may elect to invest an additional $5.0M in the form of stock at $1.76 per share and three-year warrants to purchase shares at $2.71 subject to conditions (Tranche 2).Gross proceeds could reach $20.7M if both tranches close and the warrants are fully exercised.Net proceeds will fund the completion of the ILLUMINATE-301 study of tilsotolimod in treatment-resistant melanoma.Share closed today at $1.24.See all stocks on the move »Now read:AVROBIO (AVRO) Investor Presentation - Slideshow » Show less Read more
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