Why Palisade Bio (PALI) Stock Is Getting Obliterated
Portfolio Pulse from Henry Khederian
Palisade Bio Inc's shares have dropped by 46% after the company announced a $2 million registered direct offering. The company plans to use the net proceeds for working capital and general corporate purposes. Ladenburg Thalmann & Co. Inc. is the exclusive placement agent for the offering.

September 07, 2023 | 4:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Palisade Bio's stock price has significantly dropped following the announcement of a $2 million registered direct offering.
The announcement of the registered direct offering has led to a significant drop in Palisade Bio's stock price. This is likely due to the dilution of shares, which can decrease the value of existing shares. The company's intention to use the proceeds for working capital and general corporate purposes may not have been enough to reassure investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100