Rexahn Pharma slides after announcing offering

|About: Rexahn Pharmaceuticals Inc (RNN)|By:, SA News Editor

Shares of Rexahn Pharmaceuticals (RNN) fall 14% premarket on top of Tuesday's 27% decline.

The company is set to sell $20M worth of units in a registered direct offering.

Each unit consists of one share of common and a five-year warrant to purchase 0.25 of a share.

The price per unit is $1.05. (PR)