Elutia shares are trading higher. The company announced a $26 million private placement of 7,355,869 shares of common stock at $1.4275 per share.
Portfolio Pulse from Benzinga Newsdesk
Elutia has announced a $26 million private placement of 7,355,869 shares of common stock at $1.4275 per share. This has led to a rise in the company's stock price.
September 19, 2023 | 2:37 pm
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Elutia's stock price is trading higher following the announcement of a $26 million private placement of common stock.
The announcement of a private placement often leads to a rise in a company's stock price as it indicates investor confidence and provides the company with additional capital. In this case, Elutia's stock price has risen following the announcement of a $26 million private placement of common stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100