Galmed Pharmaceuticals Announces Pricing Of $7M Public Offering Of 5.6M Shares And Warrants At A Purchase Price Of $1.25/Share
Portfolio Pulse from Happy Mohamed
Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) has announced a public offering of 5.6 million shares and warrants at a purchase price of $1.25 per share. The gross proceeds from the offering are expected to be approximately $7 million. The offering is expected to close on July 18, 2023.
July 14, 2023 | 1:31 pm
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Galmed Pharmaceuticals is raising capital through a public offering of shares and warrants. This 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 raised capital could be used for beneficial purposes such as funding research and development, which could potentially lead to long-term growth.
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