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DewDiligence

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DewDiligence

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Re: DewDiligence post# 249625

Wednesday, 02/14/2024 7:20:11 PM

Wednesday, February 14, 2024 7:20:11 PM

Post# of 257644
ENGN—(+117%)—sells 20M shares @$10.00—a 31% premium to yesterday’s close—and announces resignation of CEO for personal/medical reasons:

https://finance.yahoo.com/news/engene-announces-oversubscribed-200-million-115000649.html

The stock sale is a private placement, so there is no underwriter’s option.

ENGN went public in Nov 2023 via a SPAC merger (#msg-173153511).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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