PainReform Announces Pricing Of $1.5M Registered Direct Offering Of 166,666 Shares For $9 Per Share And Private Placement
Portfolio Pulse from Benzinga Newsdesk
PainReform has announced the pricing of a $1.5M registered direct offering of 166,666 shares at $9 per share. The company is also planning a private placement.
July 14, 2023 | 6:38 pm
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PainReform's announcement of a $1.5M registered direct offering and a private placement could potentially dilute existing shareholders' equity.
The announcement of a new share offering typically leads to a decrease in the stock price due to dilution of existing shareholders' equity. The impact is likely to be negative in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100