- Micro cap Immunomedics (NASDAQ:IMMU) slumps 23% premarket on robust volume in response to the pricing of its public offering of 10M shares of common stock and 10M warrants at $3/share and warrant. The two-year warrants are exercisable at $3.75. Closing date is October 11.
- Net proceeds will fund the continued development of IMMU-132, working capital and general corporate purposes.
- Yesterday's close was $3.28.