Cormedix Priced Its Previously Announced Underwritten Public Offering Of 7.5M Shares At $4/Share And Pre-funded Warrants To Purchase Up To An Aggregate Of 2.5M Shares At $3.999/Pre-funded Warrant
Portfolio Pulse from Benzinga Newsdesk
Cormedix has priced its previously announced underwritten public offering of 7.5 million shares at $4 per share. Additionally, it has priced pre-funded warrants to purchase up to an aggregate of 2.5 million shares at $3.999 per pre-funded warrant.
June 29, 2023 | 8:30 am
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Cormedix's public offering and pre-funded warrants could potentially dilute existing shareholders' equity, which may lead to a short-term decrease in stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a decrease in stock price. The pricing of the offering and warrants may also impact investor sentiment towards the stock.
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