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Stock impact report

Virpax Pharmaceuticals, Inc. Announces Closing of $5.0 Million Public Offering of Common Stock and Pre-Funded Warrants [Yahoo! Finance]

Virpax Pharmaceuticals, Inc. (VRPX) 
Company Research Source: Yahoo! Finance
company focused in novel and proprietary drug delivery systems across various pain indications, announced today the closing of its public offering of $5.0 million of shares of the Company's common stock, par value $0.00001 per share, and pre-funded warrants to purchase shares of common stock at a public offering price of $0.50 per share (minus $0.00001 per pre-funded warrant). The Company intends to use the proceeds of the offering to fund the Company's ongoing activities, in connection with its planned investigational new drug (IND) filing for its proprietary patented injectable "local anesthetic" liposomal technology for post operative pain management (Probudur™), to pay IR Agency LLC for marketing and advertising services, as well as for working capital and other general corporate purposes. Spartan Capital Securities, LLC is acting as the exclusive placement agent in connection with the offering. The securities described above are being offered pursuant to the Company's registr Show less Read more
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