Bio-Path Holdings shares are trading lower after the company priced a 3.5 million unit offering at $0.60 per unit.
Portfolio Pulse from Benzinga Newsdesk
Bio-Path Holdings has priced a 3.5 million unit offering at $0.60 per unit, leading to a decrease in its share price.
August 04, 2023 | 1:59 pm
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Bio-Path Holdings' share price is trading lower after the company priced a 3.5 million unit offering at $0.60 per unit.
The company's decision to price its unit offering at $0.60 has led to an increase in supply of shares, which in turn has led to a decrease in its share price. This is a common reaction in the stock market when a company announces a new share offering.
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