Auris Medical Holding: Down on discounted stock offering

Altamira Therapeutics

02/12/2020 16:09

** U.S.-listed shares of Switzerland-based biotechnology co
 EARS.O  down 33.37% at $3.48
    ** Co enters into agreements with institutional investors
for purchase and sale of 2 mln common shares at an offer price
of $4.00 per share - discount of 23.51% to stock's last close
 urn:newsml:reuters.com:*:nGNX4b8kkh
    ** Gross proceeds of the offering will be about $8 mln
    ** Co intends to use net proceeds for working capital and
general corporate purposes 
    ** Offering expected to close on or about Dec. 4    
    ** Stock has gained 112.96% so far this year

 (Reporting by Rithika Krishna)
 ((Rithika.Krishna@thomsonreuters.com;))