Equillium Inc (EQ) has released an update.
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In a strategic move to bolster its financial position, the Company took steps to offer and sell $21,950,000 worth of its common stock, building upon a previous agreement with Jefferies LLC. This sale is an amendment to an earlier offer of $6,340,000 in stock, with all details and legal validations outlined in the latest Prospectus Supplement. No stock sales have occurred under this arrangement yet, but the Company is laying the groundwork for future transactions.
For further insights into EQ stock, check out TipRanks’ Stock Analysis page.
