BIOLASE Prices $4.5M Public Offering Of Series J Convertible Redeemable Preferred Stock And Warrants
Portfolio Pulse from Benzinga Newsdesk
BIOLASE has priced an underwritten public offering of 75,000 units, each consisting of one share of Series J Convertible Redeemable Preferred Stock and one warrant to purchase half a share of the same. The offering is expected to close on September 18, 2023.
September 14, 2023 | 6:11 am
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NEUTRAL IMPACT
BIOLASE's public offering of Series J Convertible Redeemable Preferred Stock and Warrants may impact its stock price.
The announcement of a public offering can have varying effects on a company's stock price. It could lead to a decrease due to dilution of shares, or it could increase if the market perceives the move as a positive step towards the company's growth. The impact on BIOLASE's stock price will depend on how the market reacts to this news.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100