Longeveron stock rallies 75% amid public offering, business update [Seeking Alpha]
Longeveron Inc. - Class A Common stock (LGVN)
Company Research
Source: Seeking Alpha
In an SEC filing made Friday evening , Longeveron said it plans to offer approximately 2.5M common shares plus warrants to buy up to 2.5M additional common shares. The combination of one share plus one warrant to buy one share will be priced at $3.25. The company added in a shareholder letter issued early Monday that it only had cash resources to fund planned operations through Q2 2024 and would have to cut back on its development plans until it secures sufficient funding. The company noted in the filing that it effected a 1-for-10 reverse stock split on March 26, which it said in the shareholder letter released Monday was conducted largely to help secure funding. Longeveron also said in the letter that it was “aggressively” pursing partnerships and/or non-dilutive funding for its Alzheimer's disease program, which recently completed Phase 2a testing. It added that its primary operational goal in 2024 was to fully enroll patients by the end of the year for a Phase 2 study cal
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LGVN
News
- Longeveron to Report First Quarter 2024 Financial Results and Host Conference Call on May 14, 2024 [Yahoo! Finance]Yahoo! Finance
- Longeveron to Report First Quarter 2024 Financial Results and Host Conference Call on May 14, 2024GlobeNewswire
- Longeveron Inc. (NASDAQ: LGVN) had its price target raised by analysts at HC Wainwright from $6.00 to $12.00. They now have a "buy" rating on the stock.MarketBeat
- Longeveron to Present at the Planet MicroCap Showcase [Yahoo! Finance]Yahoo! Finance
- Longeveron to Present at the Planet MicroCap ShowcaseGlobeNewswire
LGVN
Earnings
- 11/10/23 - Miss
LGVN
Sec Filings
- 4/30/24 - Form S-1
- 4/25/24 - Form D
- 4/18/24 - Form 8-K
- LGVN's page on the SEC website