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Why Is AZTR Stock Rising Today?
Azitra Inc. (AZTR) shares surged over 80% after the biopharmaceutical firm announced a private placement to raise more than $31 million. This rally comes days after the company received a listing warning from NYSE American LLC for failing to meet minimum stockholders’ equity requirements. The funding will be used to advance new protein and peptide research programs for skincare solutions, despite the company reporting widening net losses.