Adial Pharmaceuticals Inc (ADIL)

Adial Pharmaceuticals Stock (ADIL) dropped by 24.11% from $2.82 to $2.14 in the trading on Friday October 20, 2023. The reason why ADIL stock down today is due to a private placement. The company announced a $4 million private placement priced at-the-market under Nasdaq rules. The offering is expected to close on or about October 24, 2023, subject to the satisfaction of customary closing conditions.