GRI Bio Announces Pricing Of Reasonable Best Efforts Public Offering With Participation From Institutional Investors; 5M Shares At $1.10
Portfolio Pulse from Benzinga Newsdesk
GRI Bio has announced the pricing of a reasonable best efforts public offering, involving the participation of institutional investors. The offering consists of 5 million shares priced at $1.10 each.
February 02, 2024 | 1:04 pm
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GRI Bio announces a public offering of 5 million shares at $1.10, indicating strong institutional interest.
The announcement of a public offering at a specified price, especially with the backing of institutional investors, generally indicates a positive outlook on the company's value and potential for growth. This could lead to increased investor interest and potentially a rise in stock price in the short term.
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