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Stock impact report

RenovoRx Announces Closing of $12.1 Million Underwritten Public Offering of Common Stock [Yahoo! Finance]

RenovoRx, Inc. (RNXT) 
Company Research Source: Yahoo! Finance
6 min read In This Article RNXT Financing led by new fundamental healthcare institutional investors MOUNTAIN VIEW, Calif., February 11, 2025 BUSINESS WIRE RenovoRx, Inc. ("RenovoRx" or the "Company") (Nasdaq: RNXT) , a life sciences company developing novel targeted oncology therapies and commercializing RenovoCath ® , an innovative, FDA-cleared delivery platform, today announced the closing of its previously announced $12.1 million firm commitment underwritten public offering of common stock led by multiple fundamental healthcare institutional investors. "We are very excited to close this common stock-only financing led by multiple high-quality fundamental healthcare institutional investors who are new to our company, which we view as a major achievement," said Shaun Bagai, CEO of RenovoRx. "This financing strengthens our balance sheet as we progress towards the potential realization of important valuation inflection points planned for 2025, including the recording of our Show less Read more
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