Shuttle Pharmaceuticals Gaining on $4.3 M Private Placement News

(24/7 MARKET NEWS) – Shuttle Pharmaceuticals Holdings, Inc. (Nasdaq: SHPH) announced, after yesterday’s market close, the issuance of a $4.3 million senior secured convertible note and warrant to an institutional investor, with an initial gross proceeds value of $4 million to Shuttle Pharmaceuticals and potential for an additional $2.4 million in proceeds, if the warrants are exercised by the investor.

Shuttle Pharmaceuticals is trading at $1.97, up 20-cents (+11.30%), on 320 thousand shares.

Its 52-week range is $1.35 to $126.26. Its next inflection points are $2.25 and $2.40.

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