Panbela Announces Pricing Of ~$8.5M Public Offering Of 2.27M Shares Of Common Stock Or Pre-Funded Warrants In Lieu Thereof And Two Classes Of Warrants To Purchase Up To An Aggregate Of 4.54M Shares Of Its Common Stock At A Price Of $3.75/Share And Associated Public Warrants
Portfolio Pulse from Benzinga Newsdesk
Panbela Therapeutics has announced the pricing of its public offering of 4,540,000 shares at $3.75 per share, raising approximately $8.5 million.
June 16, 2023 | 12:17 pm
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Panbela Therapeutics' public offering of 4,540,000 shares at $3.75 per share will raise approximately $8.5 million.
Panbela Therapeutics' public offering will raise approximately $8.5 million, which could be used for various corporate purposes. The pricing of the offering at $3.75 per share is a key factor for investors to consider. However, the short-term impact on the stock price is uncertain, as it depends on market reaction and other factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100