BIO-Key International Files For Offering Of Units Of Up To $10M; Each Unit In Offering Consists Of One Share Of Common Stock And One Common Warrant To Purchase One Share Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
BIO-Key International has filed for an offering of units up to $10 million. Each unit in the offering consists of one share of common stock and one common warrant to purchase one share of common stock.
October 16, 2023 | 8:50 pm
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BIO-Key International's filing for a $10M offering could dilute existing shares, potentially impacting the stock price.
The offering could lead to dilution of existing shares, which often results in a decrease in the stock's price as each share represents a smaller fraction of the company's value. This could negatively impact the short-term price of BKYI.
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