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Stock impact report

Alpha Cognition Announces Partial Exercise of Over-allotment Option [Yahoo! Finance]

Alpha Cognition Inc. (ACOG) 
Company Research Source: Yahoo! Finance
Inc. (Nasdaq: ACOG) ("Alpha Cognition", or the "Company"), a biopharmaceutical company committed to developing novel therapies for debilitating neurodegenerative disorders, today announced that the underwriters of its underwritten U.S. public offering (the "Offering") have partially exercised their over-allotment option to purchase an additional 488,506 common shares at the public offering price of US$5.75 per share for an additional US$2.8 million in gross proceeds. After giving effect to the partial exercise of the over-allotment option, the Company sold an aggregate 9,184,159 common shares for gross proceeds of approximately US$52.8 million, before deducting underwriter discounts and other related expenses. The option closing date was December 16, 2024. The common shares began trading on The Nasdaq Capital Market on November 12, 2024, under the ticker symbol "ACOG". The Company intends to use the proceeds towards the commercialization and launch of ZUNVEYL™ in Alzheimer's Disease Show less Read more
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