Gossamer Bio Announced A Private Placement Of Approximately $212M, Issuing 129.8M Shares And Accompanying Warrants To Purchase Up To 32.5M Shares At $1.63125 (Or A Combined Price Of $1.85125 For Participating Officers And Directors)
Portfolio Pulse from Benzinga Newsdesk
Gossamer Bio has announced a private placement of approximately $212M, issuing 129.8M shares and accompanying warrants to purchase up to 32.5M shares at $1.63125. The combined price for participating officers and directors is $1.85125.
July 20, 2023 | 12:01 pm
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Gossamer Bio's private placement of $212M could potentially dilute existing shareholders' equity, which may negatively impact the stock price in the short term.
The issuance of new shares often leads to dilution of existing shareholders' equity. This could potentially lead to a decrease in the stock price as the market adjusts to the increased share count. However, the impact may be offset if the funds raised are used effectively to generate growth.
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