Contrafect Filed For Offering Of $15M Of Shares Of Common Stock, Class E Warrants And Class F Warrants
Portfolio Pulse from Charles Gross
Contrafect has filed for an offering of $15M of shares of common stock, Class E warrants, and Class F warrants.
October 30, 2023 | 9:29 pm
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Contrafect's filing for an offering of $15M of shares and warrants could dilute existing shareholders' equity.
The offering of new shares and warrants by Contrafect could lead to dilution of existing shareholders' equity. This is because the new shares will increase the total number of outstanding shares, reducing the proportion of the company that each existing share represents. This could potentially lead to a decrease in the stock price.
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