Adamis Pharmaceuticals Announces Pricing Of $8M Public Offering Of 5.93M Units At A Price Of $1.35/Unit
Portfolio Pulse from Happy Mohamed
Adamis Pharmaceuticals Corporation (NASDAQ:ADMP) has announced the pricing of its public offering of 5.93 million units at $1.35 per unit. The offering, which includes common stock and warrants, is expected to generate gross proceeds of approximately $8 million. The offering is expected to close on August 4, 2023. Maxim Group LLC is acting as the sole placement agent for the offering.
August 04, 2023 | 11:12 am
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Adamis Pharmaceuticals' public offering could potentially dilute existing shareholders' equity, but it will also provide the company with additional capital. The impact on the stock price will depend on the market's perception of the offering's value.
Public offerings often lead to dilution of existing shareholders' equity, which can negatively impact the stock price. However, the additional capital raised can be used for growth and expansion, which could potentially have a positive impact on the stock price in the long term. The market's perception of the value of the offering will ultimately determine the impact on the stock price.
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