Welcome to our dedicated page for Avenue Therapeutics news (Ticker: $ATXI), a resource for investors and traders seeking the latest updates and insights on Avenue Therapeutics stock.
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Avenue Therapeutics, Inc. (Nasdaq: ATXI) announced the immediate exercise of outstanding warrants for $4.4 million in gross proceeds. The warrants were issued with varying exercise prices and will result in the purchase of 689,680 shares of common stock at a reduced price of $6.20 per share. The proceeds are expected to be used for general corporate purposes, and the transaction is set to close on or about May 1, 2024.