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When will applied DNA Sciences (APDN) stock close?

This offering is expected to close on or about May 29, 2024, subject to satisfaction of customary closing conditions. Applied DNA Sciences (NASDAQ:APDN) shares plunged over 66% on Tuesday after the biotechnology company priced a securities offering to raise approximately $12M in gross proceeds.

What will Applied DNA do with the net proceeds?

Applied DNA intends to use the net proceeds from this offering to further develop its Therapeutic DNA Production Services and MDx Testing Services, as well as for general corporate purposes.

Is applied DNA a forward-looking company?

The statements made by Applied DNA in this press release may be "forward-looking" in nature within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995.

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