Home Equities Score Is It Because Pulmatrix (PULM) Stock Is Struggling During Premarket Sessions?

Is It Because Pulmatrix (PULM) Stock Is Struggling During Premarket Sessions?

Pulmatrix Inc. (PULM) stock has been taking a dip of -19.62% today pre-market buoying at $2.13 as of 6:55 a.m. EST. The clinical-stage biopharmaceutical company has added +33.17% in the last session settling at $2.65. The decline came following today’s announcement by the company of a registered direct offering of nearly 20 million shares.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

Here’s the real scoop:

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

This morning, Pulmatrix announced it has entered into definitive agreements for the sale of 20,000,000 shares of the Company’s common stock with healthcare-focused institutional investors. The company is offering common stock priced at the market in a registered direct offering under Nasdaq rules for $2.00 per share. Assuming that all closing conditions are satisfied, the closing of the offering is expected to occur on or about February 16, 2021.

Read More

As the exclusive placement agent for the offering, H.C. Wainwright & Co. will be acting on behalf of the company. Before expenses, including placement agent fees and offering expenses, Pulmatrix is likely to have gross proceeds from this offering of $40,000,000. This offering will enable the Company to use the net proceeds as working capital and for general corporate needs.

Getting to know the Company:

Using proprietary iSPERSE technologies, Pulmatrix develops inhaled products with better efficacy and reduced side effects that are targeted against severe pulmonary and non-pulmonary diseases. The company’s patented pharmaceutical portfolio is initially focused on improving treatments for acute lung illnesses.

Company’s Portfolio:

The portfolio comprises Pulmazole, which is an antifungal treatment for ABPA patients, and PUR1800, a narrow-spectrum kinase for the treatment of patients with lung cancer. ISPERSE, a patented engineered dry powder distribution platform, is part of Pulmatrix, which aims to improve lung function by optimizing local concentrations and reducing adverse effects.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

Conclusion:

In the last session, the company closed the trading at $2.65, but the announcement of the offering at a per-share price of $2.00 came negatively impacting. So the share’s market price is likely been leveling itself with the offering price announced by the company.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Torchlight Energy Resources Inc. (TRCH) stock surged during current market trading. Here’s to know why?

Torchlight Energy Resources Inc. (NASDAQ: TRCH) stock gained by 41.33% in the current market trading session. Torchlight Energy Resources is a vast growing oil...

The9 Ltd. (NCTY) stock declined during pre-market trading. Here’s the update

The9 Ltd. (NASDAQ: NCTY) stock plunged by 12% at the last close while the NCTY stock price fell by 7.03% during pre-market trading. The9...

The Dixie Group Inc. (DXYN) stock surged during pre-market trading given no recent news

The Dixie Group Inc. (NASDAQ: DXYN) stock gained by 11.55% in the pre-market trading session. However, there is no update available regarding this hike...

Why BancorpSouth Bank (BXS) stock plummeted on Friday?

BancorpSouth Bank (BXS) shares plummeted 9.39% in after-hours on Friday, June 18, 2021, and close the weekly business at $25.00 per share. Earlier, BXS's...

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Anavex Inc. (AVXL) stock soars during pre-market trading. Let’s see why?

Anavex Inc. (AVXL) stock gained by 4.29% at the last close while the AVXL stock price surged by 12.38% in the pre-market trading session....

The9 Ltd. (NCTY) stock declined during pre-market trading. Here’s the update

The9 Ltd. (NASDAQ: NCTY) stock plunged by 12% at the last close while the NCTY stock price fell by 7.03% during pre-market trading. The9...

The Dixie Group Inc. (DXYN) stock surged during pre-market trading given no recent news

The Dixie Group Inc. (NASDAQ: DXYN) stock gained by 11.55% in the pre-market trading session. However, there is no update available regarding this hike...

Related News

Anavex Inc. (AVXL) stock soars during pre-market trading. Let’s see why?

Anavex Inc. (AVXL) stock gained by 4.29% at the last close while the AVXL stock price surged by 12.38% in the pre-market trading session....

IM Cannabis Corp. (IMCC) stock surged during after-hour session. Why is it so?

IM Cannabis Corp. (NASDAQ: IMCC) stock gained by 3.01% at last close while the IMCC stock price rises by 7.19% in the after-hours session....

Victory Capital Holdings Inc. (VCTR) stock declined in the after-hour session. Here’s what you should know?

Victory Capital Holdings Inc. (NASDAQ: VCTR) stock declined by 1.89% at the last close while the VCTR stock price plunged by 0.76% in the...

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

Arrival Inc. (ARVL) stock falls during pre-market trading. Here’s what you should know?

Arrival Inc. (NASDAQ: ARVL) stock plunged by 4.96% at last close while the ARVL stock price declines by 9.68% in the pre-market trading session....

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam