Baudax Bio Announces $1.9M Registered Direct Offering Priced At-The-Market under Nasdaq Rules
Portfolio Pulse from Benzinga Newsdesk
Baudax Bio has announced a registered direct offering priced at-the-market under Nasdaq rules, aiming to raise $1.9 million.
August 17, 2023 | 12:01 pm
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Baudax Bio's registered direct offering could dilute existing shares, potentially leading to a short-term decrease in stock price.
The announcement of a new share offering often leads to a short-term decrease in the stock price due to the dilution of existing shares. However, the funds raised could strengthen the company's financial position in the long term.
CONFIDENCE 90
IMPORTANCE 80
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