Okyo Pharma Priced Its Registered Direct Offering Of 2.7M Shares At $1.50/Share Conducted Without An Underwriter Or Placement Agent, With Gross Proceeds Of $3.95M
Portfolio Pulse from Benzinga Newsdesk
Okyo Pharma has priced its registered direct offering of 2.7 million shares at $1.50 per share. The offering was conducted without an underwriter or placement agent, and the gross proceeds amounted to $3.95 million.
September 14, 2023 | 1:50 pm
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Okyo Pharma's direct offering of 2.7 million shares at $1.50 per share could potentially dilute the stock's value in the short term.
The direct offering of shares by Okyo Pharma could lead to dilution of the stock's value as the number of shares in circulation increases. This could potentially lead to a decrease in the stock's price in the short term.
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