On September 21, Neptune Wellness Solutions Announces Pricing $4.5M Public Offering of 1.8M Shares at $2.50/Share
Portfolio Pulse from Benzinga Newsdesk
Neptune Wellness Solutions Inc. (NASDAQ:NEPT) has announced the pricing of its public offering of 1.8 million common shares at $2.50 per share, resulting in gross proceeds of approximately $4.5 million. The accompanying warrants have an exercise price of $2.50 per share and will expire five years following the date of issuance.
September 22, 2023 | 7:29 am
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Neptune Wellness Solutions' public offering could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a short-term decrease in stock price. However, the raised capital could be used for growth initiatives, which may have a positive impact in the long term.
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