Why Clearmind Medicine Stock Is Getting Hammered Today

Clearmind Medicine Inc CMND shares are trading lower by 53% to $0.18 Thursday morning after the company announced pricing of a $2.25 million public offering.

The offering is expected to close on September 18, subject to the satisfaction of customary closing conditions.

The company says it expects to use the net proceeds from the offering, for general corporate purposes. 

This may include operating expenses, research and development, including clinical and pre-clinical testing of our product candidates, working capital, future acquisitions and general capital expenditures.

According to data from Benzinga Pro, CMND has a 52-week high of $6.10 and a 52-week low of $0.18.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsPenny StocksOfferingswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...