Qualigen Therapeutics announces $4.5M private placement of convertible preferred shares

By Harsh Shukla

Qualigen Therapeutics announces $4.5M private placement of convertible preferred shares

Qualigen Therapeutics (NASDAQ:QLGN) on Tuesday announced that it has signed definitive securities purchase agreements for sale of its 4,500 Series A-2 preferred shares, with a value of $1,000 per share, for gross proceeds of $4.5 million. The shares of Series A-2 Preferred Shares are initially convertible into an aggregate of 1,236,263 common shares of the Company at a conversion price of $3.64 per share. The offering is expected to close on or about November 19, 2024. QLGN -4.12% premarket to $3.49. Source: Press Release

More on Qualigen Therapeutics

Qualigen Therapeutics announces CEO and CFO retirements Financial information for Qualigen Therapeutics

Previous articleNext article

POPULAR CATEGORY

corporate

9447

tech

10757

entertainment

11519

research

5216

misc

12175

wellness

9279

athletics

12179