EMCORE Prices Public Offering At $0.50/Share And $0.49999999 For Each Pre-Funded Warrant; Gross Proceeds $15.8M
Portfolio Pulse from Benzinga Newsdesk
EMCORE Corporation has priced its public offering at $0.50 per share and $0.49999999 for each pre-funded warrant, with gross proceeds expected to be $15.8 million.
August 17, 2023 | 11:34 am
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EMCORE's public offering is priced at $0.50 per share and $0.49999999 for each pre-funded warrant, which is expected to generate $15.8 million in gross proceeds.
The news directly pertains to EMCORE Corporation and its public offering. The pricing of the offering could influence investor sentiment and the company's stock price. However, the short-term impact on the stock price is uncertain as it could depend on various factors including market conditions and investor reactions to the offering.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100