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$Avalo Therapeutics (AVTX.US)$ stock is rocketing higher on Thursday after announcing a couple of positive updates for investors in the clinical-stage biotechnology company.
The first big update worth noting is the company securing $185 million through a private placement. This funding comes from an agreement with institutional investors.
The private placement includes $115.6 million of non-voting convertible preferred stock and warrants worth another $69.4 million...
The first big update worth noting is the company securing $185 million through a private placement. This funding comes from an agreement with institutional investors.
The private placement includes $115.6 million of non-voting convertible preferred stock and warrants worth another $69.4 million...
![Why Is AVTX Stock Up 326% Today?](https://ussnsimg.moomoo.com/sns_client_feed/70042970/20240328/e17a178478a849bbb203632aecade411.jpg/thumb?area=100&is_public=true)
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The chart has collapsed slightly, but the content is extremely fueling discontent. I don't think the AI market is over yet. There are always adjustments here and there. Even if it goes down, I think they'll buy it somewhere. We recommend that you think for yourself and look at charts to make investment decisions without being swept away by analysts.
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