Longeveron Announces Pricing For Rights Offering And Expected Calendar; Rights Offering Priced At A $3.00 Subscription Price Per Share
Portfolio Pulse from Happy Mohamed
Longeveron Inc. (NASDAQ:LGVN) has announced a tradable subscription rights offering for its Class A and Class B common stock and warrants. The rights offering is priced at $3.00 per share and includes an over-subscription privilege. The offering also covers the placement of unsubscribed shares for an additional period of up to 45 days following the expiration of the offering. The rights offering is expected to begin on August 22, 2023.
August 14, 2023 | 12:41 pm
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Longeveron's rights offering could potentially dilute the value of existing shares, but it could also provide the company with additional capital for its operations.
Rights offerings often lead to dilution of existing shares as more shares are issued. However, they can also provide the company with additional capital, which could be used to fund operations and potentially lead to future growth.
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