EnGene (NASDAQ:ENGN) stock is continuing to rally on Thursday following the company’s public debut yesterday.
EnGene stock made its first appearance on the Nasdaq Exchange Wednesday after completing a special purpose acquisition company (SPAC) merger. That also saw it secure an oversubscribed private investment in public equity (PIPE).
Following the success of the SPAC and PIPE, the company secured gross proceeds of 191 million CAD. That will give the company funds to operate as a public entity, such as for business operations or its treatment developments.
Jason Hanson, CEO of enGene, said the following in a news release:
“Lumira Ventures financial support and strategic guidance have been critical to enGene’s ability to develop our therapeutic platform, build a world-class team, and complete this important transaction […] We now look forward to advancing our shared mission to expand genetic medicine into the mainstream of clinical practice and address the high disease burden faced by patients in our areas of focus.”
ENGN Stock Movement on Thursday
Considering it’s new to the stock market, it makes sense that there would be extra activity surrounding ENGN stock. As of this writing, the company’s shares are up 7.7%. That builds on the 11.7% gain the stock saw on Wednesday after its public debut.
Investors seeking out even more of the most recent stock market stories today are in the right place!
We’re offering up insight into all of the hottest stock market news on Thursday! Among that is what has shares of OmniLit Acquisition (NASDAQ:OLIT) stock up today, the biggest pre-market stock movers this morning and more. All of that news is ready to do down below!
More Stock Market News for Thursday
- Why Is OmniLit Acquisition (OLIT) Stock Up 61% Today?
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday
- 5 Investors Betting Big on AMD Stock
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
