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Watchlist Update: 12-23-2019 - TGTX - TG Therapeutics - News Flash! +10%

$TGTX - On our trading list. Good news this morning as they have raised funds thru a direct offering to an institutional investor. Good breakout higher on the charts as well. Stock has popped over 10% today.

TG Therapeutics agrees to sell approx. 5.4M shares to institutional investor

TG Therapeutics announced it has entered into a definitive agreement to sell approximately 5.4 million shares of registered common stock of the Company at $9.20 per share, to a single, biotechnology-focused, institutional investor as a registered direct public offering. Proceeds from the sale are expected to be approximately $50.0 million. TG Therapeutics intends to use the net proceeds from the offering to fund the ongoing development and commercialization of the Company's lead assets, ublituximab and umbralisib, as well as for research and development activities of the Company's pipeline, and for general corporate purposes. The offering is expected to close on or about December 23, 2019, subject to customary closing conditions.

Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.

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