BioSig Announces $2.5M Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Portfolio Pulse from Benzinga Newsdesk
BioSig Technologies, Inc. (BSGM) has announced a registered direct offering priced at-the-market under Nasdaq rules. The offering is worth $2.5 million.
November 09, 2023 | 1:02 pm
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NEGATIVE IMPACT
BioSig's announcement of a $2.5M registered direct offering could potentially dilute existing shareholders' equity, which may negatively impact the stock price in the short term.
Registered direct offerings increase the number of shares in the market, which can dilute the value of existing shares. This often leads to a decrease in the stock price, at least in the short term. Therefore, this news could potentially have a negative impact on BioSig's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100