Heron Therapeutics Announces $30M Private Placement Financing Of 20,734,917 Shares At $1.37/Share
Portfolio Pulse from Benzinga Newsdesk
Heron Therapeutics has announced a private placement financing of 20,734,917 shares at $1.37 per share, raising $30M in total.
July 24, 2023 | 1:04 pm
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Heron Therapeutics' private placement financing could potentially dilute existing shareholders' equity, but also provides the company with additional capital for operations.
The private placement financing will increase the number of shares in circulation, potentially diluting the value of existing shares. However, the additional capital raised can be used to fund operations, which could potentially improve the company's financial health in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100