Why Bio-Path Holdings (BPTH) Stock Is Down 45%
Portfolio Pulse from Henry Khederian
Bio Path Holdings Inc (BPTH) shares have dropped by 45.95% after the company priced a 3.5 million unit offering at $0.60 per unit. The offering, which includes common stock purchase warrants, is expected to generate around $2.1 million in gross proceeds and close around August 7. The proceeds will be used for working capital and general corporate purposes.
August 04, 2023 | 2:06 pm
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Bio Path Holdings Inc's stock price has dropped significantly after the company priced a 3.5 million unit offering at $0.60 per unit. This is expected to generate around $2.1 million in gross proceeds.
The significant drop in Bio Path Holdings Inc's stock price is likely due to the company's decision to price a 3.5 million unit offering at $0.60 per unit. This has led to a decrease in the value of the company's shares, which has negatively impacted the stock price.
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