Cosmos Health shares are trading lower after the company priced $5.25 million registered direct offering and concurrent private placement at combined price of $2.48.
Portfolio Pulse from Benzinga Newsdesk
Cosmos Health has priced its $5.25 million registered direct offering and concurrent private placement at a combined price of $2.48, causing its shares to trade lower.
July 20, 2023 | 12:52 pm
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Cosmos Health's stock is trading lower due to the pricing of its $5.25 million direct offering and private placement at $2.48.
The company's decision to price its direct offering and private placement at $2.48 has led to a decrease in its stock price. This is because the offering price is lower than the current market price, which dilutes the value of existing shares.
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