{"id":112581,"date":"2021-02-12T16:11:58","date_gmt":"2021-02-12T16:11:58","guid":{"rendered":"https:\/\/precoinnews.com\/?p=112581"},"modified":"2021-02-12T16:11:58","modified_gmt":"2021-02-12T16:11:58","slug":"stock-alert-collplant-biotechnologies-declines-29","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/stock-alert-collplant-biotechnologies-declines-29\/","title":{"rendered":"Stock Alert: CollPlant Biotechnologies Declines 29%"},"content":{"rendered":"
Shares of CollPlant Biotechnologies Ltd. (CLGN) are trading down more than 29% \u00a0Friday morning at $17.20.<\/p>\n
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. <\/p>\n
The company intends to use the proceeds from the offering of about $35 million for general corporate purposes.<\/p>\n
CLGN has been trading in the range of $6- $24.26 in the last one year. <\/p>\n