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18.99
4.55%
0.7931
Why is Aligos Therapeutics Inc (ALGS) Stock down?
We've noticed a 8.05% decline in Aligos Therapeutics Inc (ALGS) stock during the 2024-11-19 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
23 Oct, 2023:
Aligos Therapeutics Stock (ALGS) dropped by 21.52% from $0.76 to $0.5965 in the trading on Monday October 23, 2023. The reason why ALGS stock down today is due to the private placement. Aligos today announced that it has entered into a securities purchase agreement for a private placement that is expected to result in gross proceeds of approximately $92 million to advance its portfolio of drug candidates. The private placement involves the sale of common stock and warrants, with a closing date set for October 25, 2023. Piper Sandler serves as the exclusive placement agent for this transaction.
1.80%
0.42%
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