Tharimmune Prices $10M Public Offering 10M Common Shares At $1/share
Portfolio Pulse from Benzinga Newsdesk
Tharimmune has announced the pricing of its public offering at $1 per share, aiming to raise $10 million through the sale of 10 million common shares. The offering includes an option for underwriters to purchase up to an additional 1.5 million shares or Pre-Funded Warrants to cover over-allotments. The proceeds will be before underwriting discounts and offering expenses.
November 28, 2023 | 7:04 am
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Tharimmune is raising capital through a public offering of 10 million shares at $1 each, with potential over-allotment options for underwriters. This could dilute current shareholders but provide necessary capital for the company.
Public offerings often lead to dilution of existing shares, which can result in a negative short-term impact on the stock price. However, the capital raised is crucial for the company's growth and operations. The confidence in this analysis is high due to the direct correlation between share dilution and stock price movement, although the long-term effects depend on how the company utilizes the raised funds.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100