Shares of CGTX fell 3.55% in premarket buying and selling on Tuesday.
The corporate has additionally granted the underwriters a 30-day choice to buy as much as 985,714 further shares of its widespread inventory.
The corporate intends to make use of the online proceeds from this providing to fund analysis, medical growth, course of growth, and manufacturing of Cognition’s product candidates, working capital, capital expenditures, and different common company functions.
The corporate expects to shut the providing on March 14, 2024.
