HC Wainwright & Co. Affirms Buy Rating for Cardiol Therapeutics, Keeps $9 Price Target Intact
Real-time Intelligence: Benzinga Pro offers fast and accurate stock market intelligence to help traders succeed in the markets.
Exclusive Stories: The platform provides exclusive news stories generated by Benzinga reporters, enhancing the trading experience for its users.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, benefiting from timely alerts and insights.
Trade Alerts: Users can receive the fastest news alerts to ensure they never miss a trading opportunity.
Trade with 70% Backtested Accuracy
Analyst Views on CRDL
About CRDL
About the author
Cardiol Therapeutics (CRDL) Raises $13.5M Through Bought-Deal Private Placement at $1.30/Unit
- Funding Size: Cardiol Therapeutics has entered into a bought-deal agreement with Canaccord Genuity to issue 10.38 million units at $1.30 each, successfully raising $13.5 million, thereby strengthening its financial position for future growth.
- Over-Allotment Option: The underwriter has the option to purchase an additional 10% of the units, potentially increasing proceeds by $1.35 million, providing the company with further funding flexibility.
- Unit Composition: Each unit consists of one Class A common share and one-half of a common share purchase warrant, which can be exercised at $1.75 per share for 24 months post-issuance, enhancing potential returns for investors.
- Use of Proceeds: The proceeds from this financing will be used to advance research and clinical development programs, as well as for working capital and general corporate purposes, reflecting the company's strategic planning for future growth.
MongoDB Shares Surge Over 22%; Check Out 20 Stocks Making Moves in Premarket Trading
MongoDB's Strong Performance: MongoDB Inc. shares surged 22.8% in pre-market trading after reporting third-quarter revenue of $628.31 million, exceeding analyst expectations, and raising its FY26 guidance.
Other Notable Gainers: Taoping Inc. saw a 64.5% increase after announcing an acquisition, while Fitell Corp. rose 37.6% following a repurchase program announcement.
Significant Losers: Janux Therapeutics Inc. experienced a 39.3% drop in pre-market trading after releasing updated interim data, while American Bitcoin Corp. fell 17% after a previous decline.
Market Overview: The article highlights various stocks moving in pre-market trading, showcasing both significant gainers and losers, reflecting market volatility.
