Nutex Health Announces Pricing Of $10M Registered Direct Offering Of 66,666,666 Shares Of Common Stock and Warrants At $0.15/Share And Accompanying Warrant
Portfolio Pulse from Benzinga Newsdesk
Nutex Health Inc. has announced the pricing of a registered direct offering, aiming to raise $10 million through the issuance of 66,666,666 shares of common stock and accompanying warrants. Each share is priced at $0.15 and comes with a warrant to purchase additional shares.
January 23, 2024 | 1:36 pm
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Nutex Health is conducting a direct offering of over 66 million shares at $0.15 each, including warrants, to raise $10 million in capital.
The direct offering is likely to have a dilutive effect on existing shares, which could lead to a short-term decrease in the stock price. However, the capital raised may be used for growth initiatives that could benefit the company in the long term. The negative short-term impact is based on the typical market reaction to dilution and the pricing of the offering below the current market price.
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IMPORTANCE 85
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