IMUNON Receives $1.3 Million from Sale of its New Jersey Net Operating Losses
Imunon, Inc. (IMNN)
Company Research
Source: GlobeNewswire
Non-dilutive funding strengthens balance sheet and extends current operating runway LAWRENCEVILLE, N.J., March 25, 2024 (GLOBE NEWSWIRE) -- IMUNON, Inc. (NASDAQ: IMNN), a clinical-stage drug-development company focused on developing DNA-mediated immuno-oncology therapies and next-generation vaccines, announces receipt of $1.3 million in net cash proceeds from the sale of approximately $1.4 million of its unused New Jersey net operating losses (NOLs). The NOL sales are administered through the New Jersey Economic Development Authority’s (NJEDA) Technology Business Tax Certificate Transfer (NOL) program. This non-dilutive funding further strengthens the Company’s balance sheet. “This program offered by the NJEDA provides IMUNON with investor-friendly ways to finance its clinical development programs,” said Jeffrey W. Church, IMUNON’s executive vice president and CFO. “The sale of more than $19 million of unused New Jersey NOLs over the past six years reflects the balance between
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- IMUNON's IND Application Cleared to Begin Human Testing of IMNN-101 [Yahoo! Finance]Yahoo! Finance
- IMUNON’s IND Application Cleared to Begin Human Testing of IMNN-101GlobeNewswire
- IMNN: IND Application Submitted for Phase 1/2 Trial of Seasonal COVID-19 Vaccine… [Yahoo! Finance]Yahoo! Finance
- IMUNON Reports Compliance with Nasdaq Listing Requirements [Yahoo! Finance]Yahoo! Finance
- IMUNON Reports Compliance with Nasdaq Listing RequirementsGlobeNewswire
IMNN
Analyst Actions
- 3/18/24 - HC Wainwright
IMNN
Sec Filings
- 4/29/24 - Form ARS
- 4/26/24 - Form DEF
- 4/11/24 - Form 8-K
- IMNN's page on the SEC website