Published on 1 Apr 2024 on Benzinga
Tonix Pharmaceuticals Stock (TNXP) Hits A New All-Time Low: What's Going On? - Tonix Pharmaceuticals...
Tonix Pharmaceuticals Holding Corp TNXP shares traded lower by 7.2% to $0.17 Monday morning, hitting a new-all time low. The stock is trading lower on downward momentum after the company last week announced the pricing of a $4.4 million registered direct offering.
Tonix has initiated a securities purchase agreement with existing healthcare-focused institutional investors for the sale of 14,666,666 shares of its common stock and accompanying warrants in a registered direct offering at a combined price of $0.30 per share.