BUZZ-Silexion Therapeutics falls after $5 mln public offering

Reuters
01-16
BUZZ-Silexion <a href="https://laohu8.com/S/LENZ">Therapeutics</a> falls after $5 mln public offering

** Shares of drug developer Silexion Therapeutics SLXN.O fall 28.2% to $1.12

** SLXN says it is raising $5 mln through a public offering

** Public offering price is $1.35/share; 13.5% discount to the stock's last close

** Company plans to sue the proceeds to advance pre-clinical studies and for general corporate purposes

** H.C. Wainwright & Co. is the exclusive placement agent for the offering

** SLXN fell 88.3% in 2024 since its Nasdaq debut on Aug. 16, 2024

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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