Genelux Shares Sink Following Proposed Public Offering

Dow Jones01-08

By Connor Hart

Shares of Genelux fell after the company said it had commenced a proposed underwritten public offering of its common stock.

The stock declined 8.8% to $3.09 in premarket trading Thursday. Through Wednesday's close, shares are up 33% over the past year.

The immuno-oncology company late Wednesday didn't disclose the number of shares it anticipates selling, or the pricing. All shares are being offered by Genelux, it said.

The company added it expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the number of shares of common stock sold in the offering.

Lucid Capital Markets is acting as the sole book-running manager for the proposed offering.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

January 08, 2026 06:17 ET (11:17 GMT)

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