Cybin Announces Up To $64M Offering Of Units; Each Unit Compromised Of One Common Share And One Warrant
Portfolio Pulse from Benzinga Newsdesk
Cybin Inc. has announced an offering of units up to $64 million. Each unit is comprised of one common share and one warrant.
November 10, 2023 | 1:04 pm
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Cybin Inc. is raising up to $64 million through a unit offering. This could dilute existing shares, potentially impacting the stock price.
The announcement of a new unit offering by Cybin Inc. could lead to dilution of existing shares. This is because each unit includes a common share, increasing the total number of shares in circulation. As a result, the value of existing shares could decrease, negatively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100