TFF Pharmaceuticals tumbles 25% after hours on proposed stock offering

Nov. 17, 2022 4:07 PM ETTFF Pharmaceuticals, Inc. (TFFP)By: Jessica Kuruthukulangara, SA News Editor1 Comment
  • TFF Pharmaceuticals (NASDAQ:TFFPtumbled 25% after hours on Thursday as the company announced an underwritten public stock offering.
  • Underwriters will be given a 45-day option to buy up to an additional 15% of the number of shares and warrants offered at the offering price.
  • There can be no assurance as to whether the offering may be completed, or the actual size and terms.
  • TFF (TFFP) intends to use the net proceeds for working capital and general corporate purposes.
  • The offering is expected to price on or about Nov. 17.
  • Shares of TFF (TFFP) have fallen 86% YTD.

Recommended For You

Comments (1)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.