Tonix Pharmaceuticals Prices $10.5M Equity Offering

7/14/20

Tonix Pharmaceuticals (NASDAQ:TNXP) announced that it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 20.94M shares.

The offering price is $0.50 per share and the gross proceeds will be ~$10.5M.

The closing will be on or about July 15 and Alliance Global Partners to be the sole placement agent.

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