Shares of CollPlant Biotechnologies Ltd. (CLGN) are trading down more than 29% Friday morning at $17.20.
Thursday late evening, CollPlant had said it entered into definitive agreements with many institutional investors to sell 2 million ADSs of the company at $17.50 per ADS. Each ADS represents one ordinary share, par value NIS 1.50 per share, of CollPlant.
The company intends to use the proceeds from the offering of about $35 million for general corporate purposes.
CLGN has been trading in the range of $6- $24.26 in the last one year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.