On August 4, Oragenics, Entered Into A $850K Securities Purchase Agreement With Two Healthcare-Focused Investors, Agreeing To Issue A Total Of 404,728 Shares Of Common Stock And 404,728 Shares Of Series E Mirroring Preferred Stock In A Private Placement
Portfolio Pulse from Happy Mohamed
Oragenics has entered into a securities purchase agreement with two healthcare-focused investors. The agreement involves issuing a total of 404,728 shares of common stock and 404,728 shares of Series E Mirroring Preferred Stock in a private placement, amounting to $850K.
August 07, 2023 | 12:14 pm
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Oragenics' agreement to issue shares in a private placement could potentially dilute existing shareholders' equity, but also provides the company with additional capital.
The issuance of new shares can dilute the value of existing shares, which may negatively impact the stock price. However, the additional capital raised could be used to fund growth initiatives, which could have a positive impact in the long term.
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