Abeona Therapeutics (ABEO)

[hedge_fun]

Abeona said Great Point Partners, which already holds Abeona stock, indicated it plans to buy up to $33 million in the offering, including pre-funded warrants, subject to certain conditions, which include the ability to nominate two directors, including a new executive chairman. "As a result, Steven H. Rouhandeh would step down as executive chairman and would retain a seat on the board, while Mark J. Alvino and Richard Van Duyne would exit the board," Abeona said, adding "These changes would be effective upon the board's qualification and election of GPP's nominees."