Liquidia Technologies (NASDAQ:LQDA) stock identified change of 32.83% away from 52-week low price and recently located move of -87.17% off 52-week high price. It has market worth of $65.05M. LQDA stock has been recorded -12.10% away from 50 day moving average and -49.55% away from 200 day moving average. Moving closer, we can see that shares have been trading -6.46% off 20-day moving average.
Liquidia Technologies (NASDAQ:LQDA) a late-stage clinical biopharmaceutical company focused on the development and commercialization of therapeutics using its proprietary PRINT® technology, revealed that it has entered into a common stock purchase agreement (the Purchase Agreement) with certain institutional accredited investors for the private placement of 7,164,534 shares of common stock at a purchase price of $3.13 per share, yielding expected gross proceeds of approximately $22.4 million. The private placement is expected to close on or about December 27, 2019, subject to the satisfaction of customary closing conditions.
Jefferies acted as the sole placement agent to Liquidia in connection with the private placement. Net proceeds from this private placement are expected to be used to complete ongoing development of LIQ861 and LIQ865 and for general corporate purposes.
The securities to be sold in the private placement have not been registered under the Securities Act of 1933, as amended (the Securities Act), or any state or other applicable jurisdiction’s securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state or other jurisdictions’ securities laws. Liquidia has agreed to file a registration statement with the U.S. Securities and Exchange Commission registering the resale of the shares of common stock to be issued and sold in the private placement no later than the 60th day after its entry into the Purchase Agreement. Any offering of the securities under the resale registration statement will only be made by means of a prospectus.
The Healthcare sector company, Liquidia Technologies noticed change of 12.46% to $3.52 along volume of 2130094 shares in recent session compared to an average volume of 50.35K. The stock observed return of 5.71% in 5 days trading activity. The stock was at -5.38% over one month performance. LQDA’s shares are at -11.34% for the quarter and driving a -84.43% return over the course of the past year and is now at -83.75% since this point in 2018.
The average volatility for the week at 13.07% and for month was at 10.25%. There are 18.48M shares outstanding and 16.45M shares are floated in market.
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