Panbela Therapeutics shares are trading lower after the company announced the exercise of warrants and the issuance of new warrants in a private placement for $1.9 million in gross proceeds priced at-the-market.
Portfolio Pulse from Benzinga Newsdesk
Panbela Therapeutics has announced the exercise of warrants and the issuance of new warrants in a private placement for $1.9 million in gross proceeds priced at-the-market. This has led to a decrease in the company's share price.
November 03, 2023 | 1:55 pm
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Panbela Therapeutics' shares are trading lower after the company announced the exercise of warrants and the issuance of new warrants, leading to a decrease in share price.
The announcement of the exercise of warrants and the issuance of new ones by Panbela Therapeutics has led to a decrease in the company's share price. This is because the issuance of new warrants can dilute the value of existing shares, leading to a decrease in share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100