NRx Pharmaceuticals Raises $25M Via Equity To Support Its Pipeline Development

NRx Pharmaceuticals NRXP has announced the private placement of 7.8 million shares priced at a premium to market under Nasdaq rule, for gross proceeds of $25 million.

  • The Company will also issue unregistered preferred investment options to purchase up to an aggregate of 7.8 million shares. 
  • The purchase price for one share of common stock and one investment option to purchase one common share is $3.195. 
  • “The proceeds of this investment will be targeted towards continuing to advance our three potentially life-saving therapies,” said Jonathan Javitt, CEO and Chairman of NRx Pharmaceuticals.
  • Related: NRx Pharma’s COVID-19 Vaccine Candidate Show Potential Against Omicron Variant.
  • The investment options have an exercise price of $3.07 per share, will be exercisable six months following issuance, and will have a term equal to five years.
  • H.C. Wainwright & Co. is acting as the exclusive placement agent for the
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Sam Schick | Member Stories

Neversink

Sam Schick operates Neversink, an agency based in Coastal Maine that offers a range of services that include brand-building and web design. Follow Sam on Instagram.

The who:

The website you built for your cousin’s pizzeria is so legit. Do you often get the opportunity to pitch creative ideas like that to your clients? How does the conversation go?

I think we always have that opportunity – often enough those pitches might even be expected, or at least hoped for – but it’s still a question of teasing out just how good a fit they are for the client’s vision and their own ability to see it through.

In every event, we begin all work with what we see as the “blue sky” questions: Where are we really trying to go? Wouldn’t it be amazing if … ? We’ll measure, SWOT, and try to identify possible breakpoints later, but

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Alibaba (NYSE:BABA), Bitcoin – United States Dollar (CRYPTO:$BTC) – Why Alibaba Is Rising Today Even As Tech Peers Extend Losses In Hong Kong

Shares of U.S.-listed Chinese tech companies — with the exception of Alibaba Group Holding Limited (NYSE: BABA) — extended losses in Hong Kong on Friday, dragging the benchmark Hang Seng Index into negative territory for a second straight day.

Why Is It Moving? The Hang Seng Index was down 0.9% at the time of writing, as investors turned risk averse after by the U.S. Federal Reserve indicated on Wednesday that it could start raising interest rates as soon as March.

Investors also looked ahead to the release of Hong Kong’s gross domestic product (GDP) report for the fourth quarter later today. The financial hub is continuing to struggle with a fifth wave of coronavirus infections.

Alibaba’s shares have rebounded on Friday, after falling sharply in the previous session in reaction to some analysts cutting their price targets on the company’s stock ahead of its quarterly earnings results.

See Also: How

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Alibaba (NYSE:BABA), Apple Inc. (NASDAQ:AAPL) – Why Alibaba And Other Tech Stocks Are Dragging The Hang Seng Index Lower Today

Shares of U.S.-listed Chinese tech companies traded notably lower in Hong Kong on Thursday, dragging the benchmark Hang Seng Index into negative territory.

Why Is It Moving? The Hang Seng Index was down 2.6% at the time of writing, after the U.S. Federal Reserve indicated it could start raising interest rates as soon as March even as it kept the benchmark interest rate unchanged Wednesday.

The Fed’s hawkish posture weighed on technology stocks.

Worries about rising COVID-19 cases in Hong Kong, which is grappling with a fifth wave of infections, also dampened investor sentiment.

See Also: How To Buy Xpeng Motors (XPEV) Stock

What’s Moving: Shares of U.S.-listed Chinese tech companies traded notably lower.

  • Alibaba Group Holding Limited (NYSE: BABA) – down 6.2%
  • JD.com Inc. (NASDAQ: JD) – down 5.1%
  • Li Auto Inc. (NASDAQ: LI) – down 4.6%
  • Xpeng Inc. (NYSE: XPEV) – down 4.8%
  • Baidu Inc. (NASDAQ: BIDU)
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Alibaba (NYSE:BABA), JD.com (NASDAQ:JD) – Why Alibaba, Baidu And Other Tech Stocks Are Rebounding In Hong Kong Today

Shares of U.S.-listed Chinese tech companies traded mostly higher in Hong Kong on Wednesday, lifting the benchmark Hang Seng Index into positive territory.

Why Is It Moving? The Hang Seng Index was up 0.2% at the time of writing — rising after two straight days of losses — amid optimism about further policy easing by Beijing.

Oil-related stocks such as PetroChina Co. Ltd. (NYSE: PTR) and CNOOC Limited advanced almost 2% each after crude oil prices rose amid worries about Russia-Ukraine tensions.

Nevertheless, investors remained cautious as they looked ahead to the conclusion of the Federal Reserve’s highly anticipated monetary policy meeting later today. While the Fed is likely to leave interest rates unchanged, the accompanying statement could indicate the first rate hike as soon as March.

See Also: How To Buy Xpeng Motors (XPEV) Stock

What’s Moving: U.S.-listed Chinese tech companies traded mostly higher.

  • Baidu Inc. (NASDAQ: BIDU) –
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