Allarity Therapeutics falls on share offering

Allarity Therapeutics

06/07/2023 11:33

** Drug developer Allarity Therapeutics'  ALLR.O  shares
down 50.8% at $4.07 premarket
    ** Company announces public offering of 2.5 mln shares each
of its common stock and warrants at $4.50 per share
    ** Purchase price at 45.6% discount to stock's last close
    ** Aggregate gross proceeds from offering amount to $11 mln

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))