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IntelGenx Partners with Digital Offering for Stock Sale

IntelGenx Partners with Digital Offering for Stock Sale

IntelGenx Technologies (IGXT) has released an update.

IntelGenx Technologies Corp. has teamed up with Digital Offering, LLC to facilitate a best-effort public offering of up to 2 million shares of its convertible Series A Preferred Stock and a potential 40 million shares of common stock. Digital Offering will spearhead the sales efforts, earning a 7% commission on gross proceeds plus additional fees for expenses and legal costs. Additionally, they’re entitled to warrants for 4.5% of the sold shares but are not obligated to guarantee any particular sales volume. This partnership could signal a pivotal growth phase for IntelGenx, presenting an opportunity for investors to get in on the ground floor.

For further insights into IGXT stock, check out TipRanks’ Stock Analysis page.

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