Tyme Technologies Shares Dive On $100M Equity Offering


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  • Tyme Technologies Inc (NASDAQ: TYME) has announced the sale of 40 million shares at $2.50 per share in the registered direct offering, with gross proceeds of $100 million. The offering is expected to close by February 8. TYME's closing price as of Wednesday was $3.53.
  • Net proceeds will be used to develop the company's clinical and preclinical assets, general corporate purposes, capital expenditures, acquisitions, working capital, and general and administrative expenses. 
  • Price Action: TYME shares were trading 26.6% lower at $2.59 in the premarket session on the last check Thursday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: BiotechNewsPenny StocksOfferingsSmall CapGeneral