Ensysce Biosciences Inc (ENSC) News

RS coming. Not happy.

The stockholders approved an amendment to the Company’s Certificate of Incorporation to authorize the Company’s Board of Directors to combine outstanding shares of the Company’s common stock into a lesser number of outstanding shares, a “Reverse Stock Split,” by a ratio of not less than one-for-ten and not more than one-for-forty, with the exact ratio to be set within this range by the Board in its sole discretion:

TIme to climb back up in line with the 5yr chart.
LFG!

ENSC profile via Zacks --> Yahoo:

https://finance.yahoo.com/news/ensc-improves-position-100000760.html

"We encourage investors to take a look at ENSC and consider the stock before the anticipated positive testing results come in."

-$

ensc............................https://stockcharts.com/h-sc/ui?s=ensc&p=W&b=5&g=0&id=p86431144783

As of November 11, 2024, the registrant had 19,574,014 shares of common stock, $0.0001 par value per share, outstanding.

I'll get you an estimate on the float in a little bit...they turned a nice profit in the Q thanks to a gov grant...counted as revenue...

$ENSC

It’s nonsense. I’ll give it to the guy, he’s a good scalper and can hit tops on technical moves. But fundamentals…not so much.

There is no dilution because the warrants have been transferred (mostly from sabby) to a new owner who wants to convert them, but they are tied up until the shareholder meeting to vote on full conversion.

We’re seeing the effects of a chronically depressed market cap, bullish investors suddenly holding the warrants, and the loss of downward pressure due to the near-unlimited shorting collateral those warrants represented to Sabby. But dilution? Nope. There’s nothing available to dilute with.

-$

geez man you said that about WBUY and it nothing but go up.

Anyone know how many shares available, outstanding, float? I'm seeing conflicting info

ENSC..........................................https://stockcharts.com/h-sc/ui?s=ENSC&p=W&b=5&g=0&id=p86431144783

ENSC: Nice DD --- THANKS!!

Then try McDonald's new "E-Coli UN-Happy Meal" for breakfast, Homeboy!!

DILUTING THE SNOT OUT OF THIS...

Phase 3 late 2025...
Ensysce Biosciences submits Phase 3 study protocol for pain treatmentPublished 09/19/2024, 07:12 AM


Ensysce Biosciences submits Phase 3 study protocol for pain treatment


ENSC5.42%

SAN DIEGO - Ensysce Biosciences Inc. (NASDAQ:ENSC) has submitted a protocol for a Phase 3 clinical trial to the FDA, aiming to evaluate the efficacy and safety of its drug candidate PF614 for treating moderate to severe pain after abdominoplasty. The study will compare the analgesic efficacy of PF614 against a placebo and an active comparator at several clinical sites in the United States.
The trial, which is expected to yield results in late 2025, is part of the company's efforts to introduce PF614 as a potential improvement over existing oxycodone products. Ensysce's Chief Medical Officer, Dr. Bill Schmidt, expressed optimism that the trial will reinforce PF614's positive attributes. CEO Dr. Lynn Kirkpatrick highlighted the drug's extended duration, which could address the issue of breakthrough pain between doses, and its reduced potential for abuse.
Ensysce Biosciences focuses on developing prescription drugs with enhanced safety profiles, leveraging its proprietary Trypsin-Activated Abuse Protection (TAAP™) and Multi-Pill Abuse Resistance (MPAR®) platforms. The company aims to offer safer treatment options for severe pain and contribute to reducing medication abuse-related deaths.
The forward-looking statements in the original press release underscore the uncertainties inherent in the drug development process, including the possibility of encountering delays or failing to demonstrate safety and efficacy. The company acknowledges the risks and emphasizes that its product candidates are still in clinical stages and not yet approved for commercialization.
This news is based on a press release statement from Ensysce Biosciences.
In other recent news, Ensysce Biosciences has secured approximately $5 million from stock sales, managed by H.C. Wainwright & Co. The funds are anticipated to be allocated towards the continued development of its TAAP™ and MPAR® programs. Concurrently, the company has received a $14 million grant from the National Institutes of Health for the further development of its opioid product, PF614-MPAR. The funding will support the Phase 1b clinical trial of this opioid, designed to deter abuse and prevent overdose.

Loosing some sizzle from hot frying pan . Well done to medium rare

ENSC: Below is what "COPILOT" had to say about this right now, in the late Post-Market:

"Why is ENSC stock up 48% in the Post-Market today?
It looks like Ensysce Biosciences Inc. (ENSC) has seen a significant surge in their stock price due to a $5 million concurrent registered direct offering and exercise of warrants. This move has likely attracted investor interest, contributing to the 48% rise in the post-market."

Up 60% in AH to new highs due to recent 13G disclosing 9.9% investment (1.475m shares) by RA Capital.

Add this to the 1.3m from Perceptive Advisors on 10/29/24, and we've added 2.775m in institutional buys in the past 8 days.

Cost to borrow is obscene, and the market is *hot* right now. We could moon tomorrow.

-$

 14.4 million shares each with an exercise price of $0.47 per share, while up to 752,969 shares are issuable under the placement warrants, according to the filing.

They were paying me 385% at one point (not recently).

I'm here for the squeeze.

-$

Another solid day on good volume. Need to get through the .80s and test 1.00 next week.

ENSC............................................https://stockcharts.com/h-sc/ui?s=ENSC&p=W&b=5&g=0&id=p86431144783

ENSC looking good 😃

GLTA $ENSC

The interest rate for ENSC loaned securities is 104%. Can someone explain to me the ludicrousness of this?

Time for the move above $1

Bought some ENSC this morning!

$ENSC

somehow i doubt that

ENSC the next DRUG

ENSC go to the moon

ENSC...................................https://stockcharts.com/h-sc/ui?s=ENSC&p=W&b=5&g=0&id=p86431144783

A similar run here is possible.

.58 + 40%

Hi, why is this ticker making big gains?

The hedge that bought 430k shares of DRUG two weeks ago on the day it started running from $3 to $108 within 4 days -- they just disclosed buying in for 1.3M shares at ENSC.

https://www.otcmarkets.com/filing/html?id=17924517&guid=CHL-kp-Ja1ZuB3h

-$

Another nice move on heavy volume.

ENSC..........................https://stockcharts.com/h-sc/ui?s=ENSC&p=W&b=5&g=0&id=p86431144783

After reading this from the company I'd think it's a matter of wheather or not Nasdaq will grant another 180 days after meeting their equity requirement. Possibly why this gapped up the other day.

What is the latest update from the Company in terms of Nasdaq listing requirements?

As of September 30, 2024, we believe we are in compliance with Nasdaq requirements regarding stockholders' equity and we are looking forward to the upcoming hearing with Nasdaq to discuss our plans to continue to maintain compliance with both the stockholders' equity requirement and the $1.00 bid price requirement.
https://finance.yahoo.com/news/ensysce-biosciences-provides-shareholder-responds-120000514.html

SAN DIEGO, CA / ACCESSWIRE / September 27, 2024 / Ensysce Biosciences, Inc. (NASDAQ:ENSC) ("Ensysce" or "Company"), a clinical-stage pharmaceutical company developing innovative solutions for severe pain relief while reducing the potential for opioid abuse and overdose, has received notice from the listing qualifications department staff of The Nasdaq Stock Market ("Nasdaq") stating that the Company has not regained compliance with Nasdaq Listing Rule 5550(a)(2) because the bid price for the Company's common stock has remained below $1.00 per share through the initial 180-day compliance period ended September 23, 2024. The Company is not eligible for a second 180-day period because it does not comply with the minimum stockholders' equity requirement for initial listing on The Nasdaq Capital Market. The Nasdaq Hearings Panel will consider this matter in rendering a determination regarding the Company's continued listing on The Nasdaq Capital Market at an upcoming hearing which will also consider the Company's non-compliance with the $2.5 million stockholders' equity requirement set forth in Nasdaq Listing Rule 5550(b)(1).
https://www.accesswire.com/924643/ensysce-biosciences-receives-notice-from-nasdaq

This caught my eye this morning with the PM volume.

Today's volume was amazing. They came for it. Not sure it will be a multi day move but today was a good day.

thanks, I'll take that as a compliment.

new highs on massive volume

THAT VOLUME

ENSC: Below is COPILOT's answer just now to my question about ENSC.
https://copilot.microsoft.com/?FORM=hpcodx&showconv=1

so easy even a caveman can do it

ENSC: "DILUTION HITTING HARD"??? (Heck, looks more like PROFITS HITTING HARD, for anybody in here.)

Top gainer, here we go (eom)

.444

.47 Hey always the next one.. The A-3 warrants and A-4 warrants cover up to 14.4 million shares each with an exercise price of $0.47 per share, while up to 752,969 shares are issuable under the placement warrants, according to the filing.

The exercise of the warrants is conditional on shareholders' approval, the company added.

Ensysce said it will not receive any proceeds from the sale of shares by selling stockholders but will get proceeds from the exercise of warrants that will be used for working capital for general corporate purposes.

Shares of the company rose 2.8% in after-hours

shoulda coulda bought more

https://x.com/READY_2_PROFIT/status/1848687064797061273

DILUTION HITTING HARD

I think the SEC filings that dropped show that they are taking the steps needed to regain compliance. Markets liked it.

Who knows?
 
$ENSC

ENSC................................https://stockcharts.com/h-sc/ui?s=ENSC&p=W&b=5&g=0&id=p86431144783

What's up with the spike in volume today?