COMPASS Pathways Announces Up To $285M Private Placement Of 16,076,750 Shares At $7.78/Share
Portfolio Pulse from Benzinga Newsdesk
COMPASS Pathways has announced a private placement of 16,076,750 shares at $7.78 per share, which could raise up to $285 million.
August 16, 2023 | 1:01 pm
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COMPASS Pathways is issuing 16,076,750 shares at $7.78 per share in a private placement, potentially raising up to $285 million.
The announcement of a private placement usually has a neutral to negative short-term impact on a company's stock price due to the dilution of shares. However, the funds raised can be used for growth and expansion, which could have a positive long-term impact. The exact impact on COMPASS Pathways' stock price will depend on how the market perceives the use of the funds raised.
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IMPORTANCE 75
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