BUZZ-TuHURA Biosciences plunges after $15.6 million direct stock deal

Reuters12-09

BUZZ-<a href="https://laohu8.com/S/HURA">TuHURA Biosciences</a> plunges after $15.6 million direct stock deal

** Drug developer TuHURA Biosciences' HURA.O shares plunge 36.9% to $1.25

** HURA enters agreement for sale of ~9.5 million shares, Series A warrants, and Series B warrants in a registered direct offering at a purchase price of $1.65 apiece for gross proceeds of $15.6 million

** H.C. Wainwright is the exclusive lead placement agent for offering

** Closing of the offering is expected to occur in three tranches

** Proceeds from the offering will be used for working capital and general purposes

** All three analysts covering the stock rate it "buy"; median PT $9.13 - data compiled by LSEG

** As of last close, HURA stock down 51.6% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))

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Wainwright is the exclusive lead placement agent for offering** Closing of the offering is expected to occur in three tranches** Proceeds from the offering will be used for working capital and general purposes** All three analysts covering the stock rate it \"buy\"; median PT $9.13 - data compiled by LSEG** As of last close, HURA stock down 51.6% YTD (Reporting by Arasu Kannagi Basil in Bengaluru) ((ArasuKannagi.Basil@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2590285340","isCrawlerRequest":true}