On October 10, Biora Therapeutics Issued A Warrant To Purchase Up To 1M Shares, With An Exercise Price Of $1.93, To An Investor In A Private Placement Transaction - 8K
Portfolio Pulse from Benzinga Newsdesk
Biora Therapeutics has issued a warrant to an investor in a private placement transaction, allowing the purchase of up to 1 million shares at an exercise price of $1.93 per share.
October 11, 2023 | 10:53 am
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Biora Therapeutics has issued a warrant for the purchase of up to 1 million shares at $1.93 each. This could potentially dilute the value of existing shares.
The issuance of a warrant for the purchase of up to 1 million shares could potentially dilute the value of existing shares, which could lead to a decrease in the stock price. The exercise price of $1.93 is also a factor to consider, as it could indicate the company's valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100