Bluejay Diagnostics shares are trading lower after the company announced a $1.59 million registered direct offering of 216,000 shares at $7.365 per share.
Portfolio Pulse from Benzinga Newsdesk
Bluejay Diagnostics announced a $1.59 million registered direct offering of 216,000 shares at $7.365 per share, causing its shares to trade lower.
August 25, 2023 | 5:05 pm
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Bluejay Diagnostics' stock price is trading lower due to the announcement of a $1.59 million registered direct offering.
The announcement of a registered direct offering typically leads to a decrease in the stock price as it dilutes the value of existing shares. In this case, Bluejay Diagnostics' shares are trading lower following the announcement of a $1.59 million registered direct offering of 216,000 shares at $7.365 each.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100