Brief: Axcella Therapeutics Announces $34.2 Million Registered Direct Offering Of Common Stock Priced At The Market Appoints Two New Board Members

Axcella Health

13/10/2022 13:09

Oct 13 (Reuters) - Axcella Health Inc  AXLA.O :
    * AXCELLA THERAPEUTICS ANNOUNCES $34.2 MILLION REGISTERED
DIRECT
OFFERING OF COMMON STOCK PRICED AT THE MARKET: APPOINTS TWO NEW
BOARD MEMBERS
    * AXCELLA HEALTH INC - ENTERED AGREEMENT WITH INVESTORS IN A
REGISTERED DIRECT OFFERING OF 20,847,888 SHARES AT A PURCHASE
PRICE OF $1.64 PER SHARE
    * AXCELLA HEALTH INC - INTENDS TO USE NET PROCEEDS FROM
OFFERING
TO ADVANCE LONG COVID PROGRAM
    * AXCELLA HEALTH INC - ALSO INTENDS TO USE PROCEEDS TO 
COMPLETE
ENROLLMENT OF ITS EMMPACT PHASE 2B CLINICAL TRIAL IN
NON-ALCOHOLIC STEATOHEPATITIS

Source text for Eikon:  ID:nBwbrqVGGa 
Further company coverage:  AXLA.O 
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