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Published on 28 Mar 2024 on Benzinga

Why Tonix Pharmaceuticals Stock (TNXP) Is Getting Obliterated - Tonix Pharmaceuticals (NASDAQ:TNXP)

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Tonix Pharmaceuticals Holding Corp TNXP shares are trading lower by 33.9% to $0.22 Thursday afternoon after the company 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.

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NASDAQ.TNXP price evolution

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