Coya Therapeutics falls after $15 mln IPO

Coya Therapeutics

29/12/2022 18:51

** Shares of biotech company Coya Therapeutics Inc  COYA.O 
down 9% at $4.55 following initial public offering
    ** COYA announces IPO of 3.1 mln shares, with warrants to
purchase up to 1.5 mln common shares  urn:newsml:reuters.com:*:nBw9sdHlBa
    ** Each share and warrant is being sold at a combined
offering price of $5, for gross proceeds of $15 mln - COYA
    ** Co says it intends to use all of net proceeds from
offering to advance its programs in pre-clinical studies into
clinical trials
    ** The offering is expected to close on Jan. 3, 2023
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))