Autonomix Medical slumps after $9 mln stock offering

Autonomix Medical

22/11/2024 15:45

** Shares of medical device company Autonomix Medical
 AMIX.O  slump 53% to $6.35 in early trading
    ** AMIX sold ~1.4 mln shares in a public offering at
$6.54/shr for gross proceeds of $9 mln
    ** Offering priced at about 52% discount to stock's last
close
    ** Company has ~1.2 mln outstanding shares for $15.6 mln
market capitalization, according to data compiled by LSEG
    ** Ladenburg Thalmann sole bookrunning manager for the
offering
    ** AMIX plans to use the proceeds to fund its clinical
trial, among other purposes
    ** As of last close, AMIX shares up 170% since debut on Jan.
29 this year

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))