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An announcement from Purple Biotech ( (PPBT) ) is now available.
Purple Biotech Ltd. has announced an adjustment to its existing at-the-market (ATM) offering program with Jefferies LLC, allowing for an additional $1.33 million of American Depositary Shares (ADS) to be sold. The proceeds are intended primarily for working capital and general corporate purposes, though specific allocations have not been determined. The company’s management retains significant discretion over the use of these funds, reflecting flexibility in its financial strategy. This move may impact the company’s liquidity and offer enhanced operational capabilities.
More about Purple Biotech
Purple Biotech Ltd. operates in the biotechnology industry with a focus on developing innovative therapeutics. The company engages in the research and development of various pharmaceutical products to address unmet medical needs, leveraging its expertise in biological sciences.
YTD Price Performance: -1.74%
Average Trading Volume: 939,418
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $12.33M
See more insights into PPBT stock on TipRanks’ Stock Analysis page.
