Polyrizon Announces Pricing of $4.2 Million Initial Public Offering and Listing on the Nasdaq Capital Market Under New Ticker "PLRZ"

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Raanana, Israel, Oct.28, 2024 (GLOBE NEWSWIRE) -- Polyrizon Ltd.(the "Company" or "PLRZ"), a development stage biotech company specializing in the development of innovative medical device hydrogels, today announced the pricing of its underwritten initial public offering of 958,903 units at a combined public offering price of $4.38 per unit, with each unit each consisting of one ordinary share and three warrants to purchase one ordinary share per warrant, with an initial exercise price of $4.38 per share.

PLRZ also announced that, in connection with the offering, its ordinary shares been approved for listing and are expected to begin trading on the Nasdaq Capital Market under the symbol "PLRZ" on October 29, 2024.Aegis Capital Corp.is acting as the sole book-running manager for the offering.

In addition, PLRZ has granted Aegis Capital Corp.("Aegis") a 45-day option to purchase up to 143,835 additional units, equal to 15% of the number of ordinary shares sold in the offering solely to cover over-allotments, if any.

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Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets: United StatesIsrael

Topics: Press Releases PLRZ IPOs News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 23:02:31 (4 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 983 words

Reading Time: 6 minutes read

Sentences: 28 lines

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Copyright Owner: © Benzinga

News ID: 23367559

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