Bond.az White LogoBond.az Black Logo
→
EN ▾
AZENRU
CAE Inc. Q4 2026 earnings beat forecastsPortugal budget balance extremely difficult after stormsWhy Wingtech stock is falling todaySerbia May Give Up Veto Power for EU MembershipBaku hands over urban forum baton to MexicoQatari negotiators in TehranEbola outbreak in Congo: 177 deadGenerac Stock Upgrade: Data Center OutlookMay 17 Exam Retake: DIM DecisionCanada retail sales rise 0.9% in March, above forecastsCAE Inc. Q4 2026 earnings beat forecastsPortugal budget balance extremely difficult after stormsWhy Wingtech stock is falling todaySerbia May Give Up Veto Power for EU MembershipBaku hands over urban forum baton to MexicoQatari negotiators in TehranEbola outbreak in Congo: 177 deadGenerac Stock Upgrade: Data Center OutlookMay 17 Exam Retake: DIM DecisionCanada retail sales rise 0.9% in March, above forecasts
Personalize
Bond.az White LogoBond.az Black Logo
AZENRU
STOCK MARKETS

NervGen stock slumps on dilutive offering

NervGen Pharma shares plummet 39.7% after dilutive share offering. Expected proceeds of $60 million.

Matthew King
ByMatthew King- Senior Editor
|
0
NervGen stock slumps on dilutive offering
Photo: Prepared by Bond.az

Bond.az - NervGen Pharma Corp (NASDAQ:NGEN) shares dropped 39.7% in premarket Friday after announcing a dilutive public offering.

The clinical-stage biopharmaceutical company priced an offering of 24 million common shares at $2.50 each, plus warrants for another 24 million shares at $3.68, exercisable for five years.

Expected gross proceeds are around $60 million. The deal is set to close May 26, 2026.

Funds will be used to advance the NVG-291 candidate through clinical studies and for corporate purposes.

More News
Why Wingtech stock is falling today
Today / 13:33
|
510

Why Wingtech stock is falling today

Wingtech Technology stock falls 3.6% due to dispute with Nexperia and delisting risk. Revenue drops 94% in Q1.

STOCK MARKETS →
0
Novo Nordisk Targets 2/3 Cut in Drug Launch Times with AI
Today / 13:20
|
345

Novo Nordisk Targets 2/3 Cut in Drug Launch Times with AI

Novo Nordisk aims to cut drug launch times by two-thirds using AI. Its Bengaluru center plays a key role in global launches.

STOCK MARKETS →
0
Nokia wins from AI and cloud capex cycle
Today / 13:11
|
654

Nokia wins from AI and cloud capex cycle

Morgan Stanley raised Nokia target to €14, citing AI and cloud spending boom. Nokia is top pick with 100% stock surge.

STOCK MARKETS →
0
Conduent stock jumps 15% on $164M sale
Today / 13:01
|
310

Conduent stock jumps 15% on $164M sale

Conduent shares jump 15% after the company agrees to sell its public transit unit for $164 million. The deal is expected to close by 2026.

STOCK MARKETS →
0
Denali stock drops after Parkinson drug fails trial
Today / 12:53
|
630

Denali stock drops after Parkinson drug fails trial

Denali Therapeutics stock falls after Parkinson's drug BIIB122 fails Phase 2b trial. Shares drop 2.9% premarket.

STOCK MARKETS →
0
European steel output falls 2.6%
Today / 12:44
|
412

European steel output falls 2.6%

European steel output fell 2.6% in April. Global production declined 2%. Read more on Bond.az.

STOCK MARKETS →
0
Dick's on JPM Positive Catalyst Watch
Today / 12:02
|
750

Dick's on JPM Positive Catalyst Watch

JPMorgan placed Dick's Sporting Goods on Positive Catalyst Watch before Q1 earnings, raising sales and profit estimates above consensus.

STOCK MARKETS →
0
US equity funds see outflows on yield caution
Today / 11:43
|
362

US equity funds see outflows on yield caution

US equity funds post second weekly outflow amid yield caution and inflation worries. Tech sector still sees inflows while industrials and financials lag.

STOCK MARKETS →
0
US Housing Softness: DA Davidson Highlights Trex, LPX
Today / 11:42
|
816

US Housing Softness: DA Davidson Highlights Trex, LPX

DA Davidson highlights Trex and LPX amid continued softness in US housing market. April data shows mixed trends, but repair and remodeling exposure supports these stocks.

STOCK MARKETS →
0
Space ETFs Surge Ahead of SpaceX IPO
Today / 10:23
|
249

Space ETFs Surge Ahead of SpaceX IPO

Space ETFs see record inflows ahead of SpaceX IPO. New funds launch rapidly, but analysts warn of portfolio overlap and sector risks.

STOCK MARKETS →
0
Chalco approves $1B alumina project in Guinea
Today / 10:13
|
254

Chalco approves $1B alumina project in Guinea

Chalco board approves $1 billion alumina project in Guinea, its first overseas refinery with 1.2 million tons annual capacity.

STOCK MARKETS →
0
Why is Julius Baer stock plunging today?
Today / 10:04
|
583

Why is Julius Baer stock plunging today?

Julius Baer stock plunges 8.3% despite strong profits as weak client inflows disappoint investors. Read more on Bond.az.

STOCK MARKETS →
0
...
NervGen stock slumps on dilutive offering | Bond.az