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- Israel primarily based computational biology firm Evogene (NASDAQ:EVGN) mentioned on Friday it has entered into agreements with an institutional investor for the acquisition and sale of 1.69M shares in a direct offering.
- Evogene (EVGN) expects gross proceeds of about $5.5M from the offering and intends to make use of it for working capital and basic company functions.
- The firm additionally introduced a concurrent non-public placement, to situation unregistered Series A and B warrants to buy as much as 1.69M shares with an train value of $3.55 per share.
- The closing of the direct offering is anticipated to happen on or about August twenty sixth.
- Evogene (EVGN) inventory was up 0.85% throughout buying and selling hours.
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Source: Seekingalpha