Immix Biopharma Announces Proposed Public Offering Of Common Stock; No Size Or Amount Disclosed
Portfolio Pulse from Benzinga Newsdesk
Immix Biopharma, Inc. (NASDAQ:IMMX), a clinical-stage biopharmaceutical company, announced its intention to offer and sell shares of its common stock in an underwritten public offering. The offering's size and terms are yet to be disclosed and are subject to market conditions. The company plans to use the net proceeds for NXC-201 clinical trials, working capital, and general corporate purposes. Titan Partners Group, LLC is the sole book-running manager for the offering.
February 05, 2024 | 8:21 pm
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Immix Biopharma announces a public offering of common stock, with proceeds aimed at funding clinical trials and general corporate purposes.
Public offerings often lead to short-term negative pressure on a company's stock price due to the potential dilution of existing shares. Given that the size and terms of the offering are not disclosed, uncertainty may further impact investor sentiment negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100