Vistagen Therapeutics Has Priced A $100M Underwritten Offering Of Its Common Stock And Warrants At A Combined Purchase Price Of $5.38/Share, Accompanying T1 Warrant And Accompanying T2 Warrant
Portfolio Pulse from Benzinga Newsdesk
Vistagen Therapeutics has priced a $100M underwritten offering of its common stock and warrants at a combined purchase price of $5.38 per share. The offering includes accompanying T1 and T2 warrants.
October 02, 2023 | 11:33 am
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Vistagen Therapeutics' $100M underwritten offering of its common stock and warrants could dilute existing shareholders, potentially leading to a short-term decrease in stock price.
The underwritten offering of common stock and warrants by Vistagen Therapeutics could lead to dilution of existing shares. This is because the number of shares in circulation will increase, potentially leading to a decrease in the stock's price in the short term. However, the long-term impact will depend on how the company uses the funds raised from the offering.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100