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Tonix Pharmaceuticals files for equity offering

  • Tonix Pharmaceuticals (NASDAQ:TNXP) has filed a prospectus for public offering of 1,291,248 Class A Units and 9,000 Class B Units.
  • Each Class A Unit consists of one share of common stock and one warrant to purchase 1/2 of a common share.
  • Each Class B Unit consists of one Series A Preferred Share valued at $1,000 and one warrant to purchase 72 common shares.
  • Shares are down 17% premarket.

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Tonix Pharmaceuticals Holding Corp.