Liquidia Stock Climbs 9% Over $100 Mln New Financing Announcements
From Nasdaq:
Liquidia Corp. (LQDA) saw a 9% jump in stock following $100 million in new financing from Patient Square Capital and Healthcare Royalty. Shares are currently up 9.34% to $12.41 on a volume of 1,279,314. The company has entered into a share purchase agreement with Patient Square Capital for a private placement of around 7.2 million shares at $10.442 per share, raising $75 million. Additionally, Liquidia received an advance of $25 million from Healthcare Royalty under their Revenue Interest Financing Agreement. The offering is expected to close on January 8.
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