Immix Biopharma Announces $10M Private Placement With A Certain Accredited Investor For 3,241,076 Shares And Pre-Funded Warrants To Purchase 1,913,661 Shares Of Common Stock At a Price Of $1.94/Unit
Portfolio Pulse from Benzinga Newsdesk
Immix Biopharma has entered into a securities purchase agreement to sell 3,241,076 shares to an accredited investor at a price of $1.94 per share, according to an SEC filing.
August 22, 2023 | 8:12 pm
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Immix Biopharma's agreement to sell over 3 million shares could potentially dilute existing shareholders' equity, which may negatively impact the stock price in the short term.
The sale of a large number of shares often leads to dilution of existing shareholders' equity. This dilution can lead to a decrease in the stock's price as the value of individual shares may decrease. Therefore, this news could potentially have a negative impact on Immix Biopharma's stock price in the short term.
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IMPORTANCE 80
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