Precipio shares are trading lower after the company announced the pricing of a $2 million registered direct offering and a concurrent private placement.
Portfolio Pulse from Benzinga Newsdesk
Precipio announced the pricing of a $2 million registered direct offering and a concurrent private placement, causing its shares to trade lower.
June 08, 2023 | 7:52 pm
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NEGATIVE IMPACT
Precipio's stock price is trading lower due to the announcement of a $2 million registered direct offering and a concurrent private placement.
The announcement of the $2 million registered direct offering and concurrent private placement has led to a negative impact on Precipio's stock price, as it may dilute existing shareholders' ownership and potentially signal financial distress.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100