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ENVB soars 134% as market reacts to private placement closing and warrant-driven trading dynamics
Enveric Biosciences (ENVB) stock surged 134.4% following the announcement of its at-the-market private placement closing. This includes a substantial warrant package, which likely contributed to increased trading interest, short-covering, and momentum buying in the small-cap biotech. The private placement secured $5.0 million upfront, with potential for an additional $8.9 million if warrants are fully exercised.