Applied UV Announces Pricing Of $6.4M Upsized Underwritten Public Offering Of 42,666,666 Units At $0.15/Unit
Portfolio Pulse from Benzinga Newsdesk
Applied UV, Inc. has announced the pricing of an upsized underwritten public offering, aiming to raise $6.4 million through the sale of 42,666,666 units at $0.15 per unit. Each unit consists of one share of common stock and one warrant to purchase one share of common stock.
November 14, 2023 | 2:37 pm
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Applied UV's public offering is priced at $0.15 per unit, which may lead to dilution of existing shares but provides the company with additional capital.
The pricing of the public offering is likely to have a short-term negative impact on Applied UV's stock price due to the dilutive effect of increasing the number of shares outstanding. However, the additional capital raised may benefit the company's financial position in the longer term.
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