Tenaya Stock Plunges After $60 Million Equity Offering

Tenaya Therapeutics, Inc. (NASDAQ:TNYA) stock is trading lower on Friday, with a session volume of 42.39 million compared to the average volume of 3.51 million as per data from Benzinga Pro. • Tenaya Therapeutics stock is feeling bearish pressure. What’s pressuring TNYA stock?On Thursday, Tenaya Therapeutics priced its underwritten public offering of 50 million units at 1.20perunitforgrossproceedsof1.20 per unit for gross proceeds of 60 million. Each unit consists of one share and a warrant to purchase one share of common stock at an ...