Genenta Science raises $15M in direct offering

Published 2 weeks ago Neutral
Genenta Science raises $15M in direct offering
Auto
* Genenta Science (NASDAQ:GNTA [https://seekingalpha.com/symbol/GNTA]) entered into a securities purchase agreement with [https://seekingalpha.com/pr/20279644-genenta-announces-pricing-of-15_0-million-registered-direct-offering-of-american-depositary] institutional investors to purchase 4.29M ADSs at an offering price of $3.50 per ADS, for gross proceeds of ~$15M.
* All of the securities in the offering were sold by Genenta, and no warrants or other derivative securities were issued in connection with this offering.
* Net proceeds will be used for working capital and general corporate purposes.
* The offering is expected to close on or about October 28, 2025.
* The stock price dipped 29% to $4.40 on Monday during pre-market hours of trading.

MORE ON GENENTA SCIENCE

* Seeking Alpha’s Quant Rating on Genenta Science  [https://seekingalpha.com/symbol/GNTA/ratings/quant-ratings]
* Historical earnings data for Genenta Science  [https://seekingalpha.com/symbol/GNTA/earnings]
* Financial information for Genenta Science  [https://seekingalpha.com/symbol/GNTA/income-statement]