Tyra Biosciences, Inc. (TYRA) shares are gaining more than 23 percent on Friday morning trade after the company announced that it has entered into a securities purchase agreement with institutional and accredited investors to sell securities in a private placement financing for gross proceeds of approximately $200 million.
Through the private placement, TYRA will be selling an aggregate of approximately 15.4 million shares of its common stock at $13.01 per share.
Currently, shares are at $16.12, up 23.88 percent from the previous close of $13.01 on a volume of 422,606.
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