Onconova Therapeutics Inc (ONTX)

[Kallie]

I do like this paragraph in the PR it says offering closes tomorrow. I am thinking they might get approval from FDA if they expect to meet the minimum requirements. Anyone else have any thoughts on this?

The offering is expected to close on or about December 10, 2019, subject to the satisfaction of customary closing conditions. Upon the closing of the offering, the Company’s stockholders’ equity is expected to exceed the minimum $2.5 million stockholders' equity requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(b)(1), and the Company intends to provide further information to Nasdaq demonstrating its ability to sustain long-term compliance. In addition, 10,443,000 common stock warrants have been exercised since November 25, 2019, resulting in additional proceeds to the Company of approximately $2.1 million.

https://investor.onconova.com/news-releases/news-release-details/onconova-therapeutics-inc-announces-50-million-registered-direct