Aikido Pharma Inc AIKI:NASDAQ

Last Price$5.99NASDAQ Closing Price as of 4:00PM ET 7/01/22

Today's Change+0.09(1.53%)
Bid (Size)$5.82 (20)
Ask (Size)$5.99 (18)
Day Low / High$5.83 - 6.09
Volume106.2 K

AIkido Pharma to Raise $20.9 Million in Net Proceeds Via Registered Direct Offering; Shares Decline

10:16AM ET 2/25/2022 MT Newswires
AIkido Pharma (AIKI) on Friday launched a registered direct offering to raise approximately $20.9 million in net proceeds.

The biotechnology company entered into a securities purchase agreement with certain institutional investors for the purchase and sale of 11,000 shares of series O, and 11,000 shares of series P redeemable convertible preferred stock at$952.38 per share.

The proceeds will be used for working capital and general corporate purposes, the company said.

Shares of AIkido declined 6.8% during the recent trading activity.

Price: 0.39, Change: -0.03, Percent Change: -6.75