Phio Pharmaceuticals Corp (PHIO)

Phio Pharmaceuticals Corp Stock (PHIO) dropped by 42.14% from $1.59 to $0.92 in the trading on Thursday December 07, 2023. The reason why PHIO stock down today is due to the announcement of exercise warrants for $2.8 million in gross proceeds. Phio Pharmaceuticals announced that accredited investors agreed to exercise certain warrants to purchase over 2 million shares of the company's stock at a reduced price of $1.33 per share, originally issued between 2018 and 2023 at higher prices.