Biosig Technologies Said On July 31, 2023, Entered Into A Securities Purchase Agreement With An Investor Under Which Which It Sold 1,467,624 Shares Of Common Stock At A Purchase Price Of $1.02206 Per Share, Plus Warrant To Purchase Up To 733,812 Shares
Portfolio Pulse from Charles Gross
BioSig Technologies has entered into a securities purchase agreement with an investor, selling 1,467,624 shares of common stock at a price of $1.02206 per share. The agreement also includes a warrant to purchase up to 733,812 shares.
July 31, 2023 | 9:49 pm
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BioSig Technologies' recent securities sale could impact its stock price. The sale of over 1.4 million shares could dilute existing shareholders' value.
The sale of a large number of shares often leads to dilution of existing shareholders' value, which can negatively impact the stock price. The inclusion of a warrant for additional shares also indicates potential future dilution.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100