tiprankstipranks
VBI Vaccines Raises $1.7 Million in Direct Share Offering
Company Announcements

VBI Vaccines Raises $1.7 Million in Direct Share Offering

Pick the best stocks and maximize your portfolio:

VBI Vaccines (VBIV) has issued an update.

VBI Vaccines Inc. successfully completed a registered direct offering on April 11, 2024, raising $1.7 million through the sale of over 2.2 million common shares and warrants, with institutional investors showing robust participation. With an immediate effect, the common warrants are exercisable at $0.76 per share, and the company plans to allocate the net proceeds towards working capital and general corporate purposes. The offering, managed exclusively by H.C. Wainwright & Co., LLC as the placement agent, also resulted in the issuance of additional warrants for the placement agent, underscoring a strategic fundraising move by VBI Vaccines.

Find detailed analytics on VBIV stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyBiotech Alert: Searches spiking for these stocks today
TheFlyBiotech Alert: Searches spiking for these stocks today
TheFlyThree new option listings and two option delistings on August 8th
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