Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Matinas BioPharma (MTNB) just unveiled an update.
Matinas BioPharma Holdings, Inc. has struck a deal with institutional investors, selling over 33 million shares and warrants, aiming to raise about $10 million for corporate purposes. The shares and warrants are priced at $0.30 and $0.35 respectively, with the warrants exercisable in six months and expiring after five and a half years. The company has also agreed on a 90-day lock-up period, preventing further stock or securities issuance, and directors and officers are similarly restricted from selling their holdings. The sale is organized by A.G.P./Alliance Global Partners, who will receive a 7% commission and expense reimbursement. This transaction is part of a previously effective registration statement and has been publicly announced, along with the pricing details.
Find detailed analytics on MTNB stock on TipRanks’ Stock Analysis page.
