First Wave BioPharma Announces Exercise Of Warrants And Issuance Of New Warrants In A Private Placement For $4M Priced At $0.43/Share
Portfolio Pulse from Benzinga Newsdesk
First Wave BioPharma has announced the exercise of warrants and issuance of new warrants in a private placement for $4M, priced at $0.43 per share.
September 14, 2023 | 2:46 pm
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First Wave BioPharma's recent private placement could potentially dilute existing shareholders' equity, which may negatively impact the stock price.
The issuance of new warrants and their exercise can lead to an increase in the number of outstanding shares. This dilutes the value of existing shares, which can lead to a decrease in the stock price. However, the actual impact will depend on market reaction and other factors.
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