CohBar: Tumbles on discounted stock-and-warrant offering

CohBar

26/08/2020 14:52

** Shares of biotech firm  CWBR.O  plunge over 31% to $0.99
    ** Co offers 12.3 mln units at $1.22/shr, a 15.3% discount
to Tuesday's close; expects gross proceeds of ~$15 mln
 urn:newsml:reuters.com:*:nGNX15q3Kk
    ** Each unit consists of one share of common stock and one
warrant to purchase 0.75 of a share of common stock at $1.44/shr
    ** Co intends to use net proceeds from offering for general
corporate purposes
    ** Stock down ~37.5% YTD 
    
    

 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2804, outside U.S. +91 80 6182 2630;))