OncoCyte Secures Funding Through Private Share Sale
Company Announcements

OncoCyte Secures Funding Through Private Share Sale

The latest update is out from OncoCyte ( (OCX) ).

Oncocyte Corporation has announced a private sale of over 3.4 million shares at $2.948 each to accredited investors, with the expected closing date around October 4, 2024. The deal includes typical closing conditions, indemnifications, and a registration rights agreement to file with the SEC for the resale of shares. The company anticipates raising approximately $10.2 million before fees and expenses, which will be used for general corporate needs and working capital. The private sale was facilitated by Needham & Company, LLC as the exclusive placement agent.

For an in-depth examination of OCX stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyOncoCyte files to sell 3.46M shares of common stock for holders
TipRanks Auto-Generated NewsdeskOncoCyte Shareholders Approve Incentive Plan and Meeting Adjournment
TheFlyBiotech Alert: Searches spiking for these stocks today
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App