Xtant Medical Has Announced A Private Placement Of 20M Shares At $0.75 Per Share, Resulting In Gross Proceeds Of $15M
Portfolio Pulse from Benzinga Newsdesk
Xtant Medical has announced a private placement of 20 million shares at $0.75 per share, which will result in gross proceeds of $15 million.
July 03, 2023 | 11:29 am
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Xtant Medical's private placement of 20 million shares could potentially dilute existing shareholders' equity.
The private placement of 20 million shares by Xtant Medical could lead to dilution of existing shareholders' equity. This is because the number of outstanding shares will increase, which could potentially lower the value of existing shares. Therefore, this news could have a negative impact on the company's stock price in the short term.
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