Altamira Shares Decline 5% in Pre-Bell After Pricing of Public Offering

MT Newswires Live

2024/09/18

Altamira Therapeutics (CYTO) shares were down about 5% in Wednesday's premarket activity after it priced a public offering of 5.6 million common shares and two tranches of pre-funded warrants to purchase up to 11.2 million shares at $0.72 per share or warrant.

The offering is expected to close Thursday.

The company intends to use net proceeds from the offering for general corporate purposes.

Price: 0.7520, Change: -0.04, Percent Change: -4.79

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