InVivo Therapeutics drops $9 Million Offering Hammer

(24/7 MARKET NEWS) – InVivo Therapeutics Holdings Corp. (Nasdaq:NVIV) was trading above $12, this morning, when the Company dropped an anvil on the back of the new shareholders’ heads, in the form of $9 million in direct registered and private placement offerings. The preferred investment option exercise price is $5.05 per share

InVivo has already dropped by more than half, at $5.98 3.68 million shares.

PEGY and FNGR could be next.

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