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Tonix Pharma prices equity offering

  • Tonix Pharmaceuticals (NASDAQ:TNXP) prices its public offering of 4.9M shares of common stock at $5.85 per share. Underwriters over-allotment is an additional 735K shares. Closing date is February 9.
  • Net proceeds of ~$26.7M will fund the continued development of TNX-102 SL, TNX-201, other pipeline programs, working capital and general corporate purposes.

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Tonix Pharmaceuticals Holding Corp.