Societal CDMO Pricing Its Previously Announced Underwritten Public Offering Of 20.75M Shares At $0.40 Per Share For Gross Proceeds Of $8.3M
Portfolio Pulse from Benzinga Newsdesk
Societal CDMO has priced its previously announced underwritten public offering of 20.75 million shares at $0.40 per share. The gross proceeds from the offering are expected to be $8.3 million.
August 24, 2023 | 11:32 am
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Societal CDMO's public offering of 20.75 million shares at $0.40 per share is expected to raise $8.3 million in gross proceeds.
The news directly pertains to Societal CDMO as it is about their public offering. The impact on the stock price is neutral in the short term as the pricing is in line with market expectations. The importance is high as it relates to the company's fundraising and potential for future growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100