SenesTech Prices $5M Public Offering Of 3,846,154 Common Shares And Accompanying Warrants At $1.30 Per Share And Associated Warrants
Portfolio Pulse from Benzinga Newsdesk
SenesTech, Inc. (NASDAQ:SNES) has announced the pricing of a public offering of 3,846,154 common shares and accompanying Series D and Series E warrants at $1.30 per share and associated warrants. The Series Warrants are exercisable immediately upon issuance at the same price of $1.30 per share.
November 28, 2023 | 6:25 am
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SenesTech, Inc. has priced a significant public offering of shares and warrants, which could dilute existing shareholders but provide the company with necessary capital.
Public offerings often lead to short-term price declines due to the dilution of existing shares. However, the capital raised can be beneficial for the company's long-term growth. The immediate exercisability of the warrants could lead to additional selling pressure if warrant holders choose to exercise and sell the underlying shares.
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