COMPASS Pathways shares are trading higher. The company announced a $285 million private placement of 16,076,750 shares at $7.78 per share.
Portfolio Pulse from Benzinga Newsdesk
COMPASS Pathways has announced a private placement of 16,076,750 shares at $7.78 per share, raising $285 million. This has led to an increase in the company's share price.
August 16, 2023 | 4:29 pm
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COMPASS Pathways' announcement of a $285 million private placement has led to a rise in its share price.
The announcement of a successful private placement often leads to a rise in a company's share price as it indicates investor confidence and provides the company with additional capital. In this case, COMPASS Pathways has successfully raised $285 million, which has led to an increase in its share price.
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