Gelteq Closes $5.2 Million IPO

MT Newswires Live

2024/10/30

Gelteq (GELS) said Wednesday it has closed its initial public offering of 1.3 million shares at $4 apiece for gross proceeds of $5.2 million.

The shares debuted on Nasdaq on Tuesday.

Shares of the biotechnology company fell more than 17% in recent trading.

Price: 2.43, Change: -0.51, Percent Change: -17.35

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