Gain Therapeutics Announces Pricing Of $9.4M Public Offering Of 2,213,044 Shares At $2.005/Share And Accompanying Warrants; Concurrent Private Placement With Completion Of Public Offering Of 2,500,088 Shares At $2/Share
Portfolio Pulse from Benzinga Newsdesk
Gain Therapeutics has announced the pricing of a public offering and a concurrent private placement. The public offering is priced at $9.4 million for 2,213,044 shares at $2.005 per share, including accompanying warrants. The private placement will occur upon completion of the public offering, with 2,500,088 shares priced at $2 per share.
November 21, 2023 | 1:57 pm
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Gain Therapeutics is conducting a public offering and private placement which may dilute current shareholders but provide capital for operations and growth.
The announcement of a public offering and private placement typically leads to dilution of existing shares, which can put downward pressure on the stock price in the short term. However, the influx of capital can be positive for the company's long-term growth prospects. The pricing is slightly below the current market value, which may also contribute to a short-term negative impact.
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