By Nicholas G. Miller
Shares of Adlai Nortye jumped after the company said it was raising $140 million in equity financing.
The stock rose 12% to $10.36 in Tuesday's premarket trading.
The company is selling roughly 64.6 million ordinary shares at a price of $2.1667 a share.
The private placement includes the sale of $55 million of ordinary shares to entities controlled by Chief Executive Yang Lu.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
February 03, 2026 08:18 ET (13:18 GMT)
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