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Rani Therapeutics Prices Registered Direct Offering of 12.5 Million Shares
Rani Therapeutics (RANI) said Tuesday it has priced its registered direct offering of 12.5 million class A shares at $1.07 per share, along with pre-funded warrants to buy 6.2 million shares at $1.0699 per warrant.The company said it expects to generate about $20 million in gross proceeds from the offering.The offering is slated to close on Wednesday, Rani Therapeutics said.Shares of the company were down over 12% in early Tuesday trading.Price: $0.96, Change: $-0.11, Percent Change: -10.65%
$RANI
