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Why is Adial Pharmaceuticals Inc (ADIL) Stock down?
20 Oct, 2023:
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.
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