BioRestorative Therapies shares are trading lower after the company announced a $2.1 million registered direct offering.
Portfolio Pulse from Benzinga Newsdesk
BioRestorative Therapies has announced a $2.1 million registered direct offering, leading to a decrease in the company's share price.
July 11, 2023 | 12:43 pm
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BioRestorative Therapies' stock price is trading lower after the company announced a $2.1 million registered direct offering.
The announcement of a registered direct offering often leads to a decrease in the company's share price as it dilutes the value of existing shares. This is the case for BioRestorative Therapies, as the news of their $2.1 million offering has led to a drop in their stock price.
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