Perspective Therapeutics Announces Pricing of $60.0M Public Offering And $20.8 Million Private Placement at $0.37/Share
Portfolio Pulse from Benzinga Newsdesk
Perspective Therapeutics, Inc. (NYSE:CATX) has announced the pricing of a public offering and private placement totaling approximately $80.8 million. The public offering is priced at $0.37 per share for 132,075,218 shares, and pre-funded warrants are priced at $0.369 for 30,086,944 shares. The company also granted underwriters a 30-day option to purchase up to an additional 24,324,324 shares at the public offering price, less discounts and commissions.
January 18, 2024 | 12:04 pm
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Perspective Therapeutics' public offering and private placement may dilute current shareholders but provide significant capital for the company's operations and research.
The announcement of a public offering and private placement at a price below the current market value typically leads to short-term negative pressure on the stock price due to dilution of existing shares. However, the capital raised is crucial for the company's growth and development of treatments.
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