DiaMedica Therapeutics looks to raise $11.8M through private placement (NASDAQ:DMAC)

  • DiaMedica Therapeutics (NASDAQ:DMAC) said it is looking to raise $11.8M through the sale of its common shares in a private placement with accredited investors.
  • Shares in the company were up 13% in premarket trade.
  • The firm will issue a total of 4.72M shares at $2.50 apiece.
  • The financing is expected to extend the firm’s cash runway into the third quarter of 2026.