Bluejay Diagnostics Announces Pricing Of $3.5M Public Offering Of 2,692,308 Shares At $1.30/Share
Portfolio Pulse from Benzinga Newsdesk
Bluejay Diagnostics has announced the pricing of a public offering, aiming to raise $3.5 million through the sale of 2,692,308 shares at a price of $1.30 per share.
December 28, 2023 | 1:01 pm
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Bluejay Diagnostics is conducting a public offering of 2,692,308 shares at $1.30 each to raise $3.5 million.
The public offering is likely to have a dilutive effect on existing shares, which can lead to a short-term negative impact on the stock price. The pricing of the offering at $1.30 per share may also set a benchmark that could influence market perception and trading. The capital raise is significant for the company, but the dilution typically weighs on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100