By Chris WackAditxt shares were down 24% to $5.05 in premarket trading after the company on Friday entered into definitive agreements for the purchase and sale of 1.2 million shares at $4.85 a share and accompanying warrant in a private placement. Each share of stock is being offered in the offering together with warrants to buy two shares at an exercise price of $4.60 a share.

Source: Wall Street Journal January 02, 2024 16:28 UTC