SenesTech hits fresh record low on planned stock offering

SenesTech

07/02/2020 16:33

** Shares of biotechnology developer SenesTech Inc  SNES.O 
down ~14% at $4.9 in morning trade on planned stock offering
    ** SNES set for a 4-session losing streak
    ** Co plans to offer up to $4 mln of its stock (https://bit.ly/2SuLvFN)
    ** Stock hits a record low for a second straight session;
SNES plunged 71% last year
    ** H.C. Wainwright & Co is sole underwriter on offering
    ** SenesTech plans to use part of proceeds to commercialize
ContraPest, a pest control product which reduces fertility rates
in rats

 (Reporting by Bharath Manjesh in Bengaluru)
 ((Bharath.ManjeshR@thomsonreuters.com;  outside U.S. +91 80
6749 8400;))