Longeveron Inc (LGVN)

Shares of Longeveron Inc (LGVN) dropped by 22.84% from $1.62 to $1.25 in the trading on Thursday, December 21, 2023. The reason why LGVN down today is due to the company's announcement of a registered direct offering and concurrent private placement. Longeveron offered 1,355,301 shares of its common stock at $1.62 per share and issued unregistered warrants for the purchase of the same number of shares at the same price. The gross proceeds from the offering were approximately $2.36 million, intended for working capital and general corporate purposes. Investors were likely concerned about the dilution and offering terms, leading to the decline in the stock price.

Longeveron Inc Stock (LGVN) dropped by 16.73% from $2.51 to $2.09 in the trading on Thursday October 5, 2023. The reason why LGVN stock down is due to the results announcement. The company announced topline results from the Phase 2a trial of its investigational product Lomecel-B for mild Alzheimer's disease.