Genelux Prices 6.67M Share Offering at $3.00, Raising $20M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2026
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Source: Globenewswire
- Funding Scale: Genelux announced the pricing of 6.67 million shares at $3.00 each, expecting to raise approximately $20 million, which will provide crucial funding for the company's R&D and clinical trials.
- Underwriting Arrangement: All shares in the offering are to be sold by Genelux, with the underwriter granted a 30-day option to purchase an additional 1 million shares, enhancing financial flexibility.
- Use of Proceeds: The proceeds are intended for general corporate purposes, including R&D expenses, clinical trial costs, and working capital, thereby supporting the company's ongoing development in the immuno-oncology sector.
- Market Reaction: The public offering is expected to close on January 9, 2026, and while market conditions may affect the transaction's completion, successful fundraising will strengthen Genelux's competitive position in the market.
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Analyst Views on GNLX
Wall Street analysts forecast GNLX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GNLX is 22.50 USD with a low forecast of 16.00 USD and a high forecast of 31.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.760
Low
16.00
Averages
22.50
High
31.00
Current: 2.760
Low
16.00
Averages
22.50
High
31.00
About GNLX
Genelux Corporation is a late clinical-stage biopharmaceutical company. The Company is focused on developing a pipeline of next-generation oncolytic viral immunotherapies for patients suffering from aggressive and/or difficult-to-treat solid tumor types. Its clinical and preclinical product candidates are intended to selectively kill tumor cells and induce a robust immune response against a patient’s tumor neoantigens. Its product candidate, Olvi-Vec (olvimulogene nanivacirepvec), is a proprietary, modified strain of the vaccinia virus (VACV), a stable deoxyribonucleic acid (DNA) virus with a large engineering capacity. Olvi-Vec is developed for the treatment of multiple cancers based on the results of preclinical studies that suggest Olvi-Vec has the potential to infect and directly kill a wide range of tumor cell types in vitro and in vivo and produce an anti-tumor immune response. Its portfolio also include oncolytic vaccinia immunotherapy clinical candidates.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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