Savara Has Priced A Public Offering Of 21M At $3.00 Per Share And 5.7M Pre-funded Warrants To Purchase Common Stock At $2.999 Per Pre-funded Warrant, For Gross Proceeds Of Approximately $80M
Portfolio Pulse from Benzinga Newsdesk
Savara Inc. has priced a public offering of 21 million shares at $3.00 per share and 5.7 million pre-funded warrants to purchase common stock at $2.999 per pre-funded warrant. The gross proceeds from this offering are expected to be approximately $80 million.
July 13, 2023 | 11:07 am
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Savara Inc.'s public offering could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a short-term decrease in stock price. However, the proceeds from the offering could strengthen the company's financial position in the long run.
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