Motus GI Prices Its $5M Public Offering
Portfolio Pulse from Benzinga Newsdesk
Motus GI Holdings has priced a public offering at approximately $5 million, involving 3,333,334 shares of common stock or pre-funded warrants, and Series A and B common warrants to purchase additional shares, each at $1.50. Series A warrants are exercisable immediately and expire in five years, while Series B warrants also exercisable immediately, expire in eighteen months.
December 19, 2023 | 6:54 am
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Motus GI Holdings has announced a public offering that could dilute current shareholders but also raise capital for the company. The offering includes common stock and warrants with an exercise price of $1.50.
The announcement of a public offering typically leads to short-term negative pressure on a company's stock price due to the potential dilution of existing shares. However, the raised capital can be beneficial for the company's long-term growth. The immediate exercisability of the warrants could lead to further dilution if exercised, adding to the downward pressure.
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