Lexaria Bioscience Announces $3.6M Registered Direct Offering Of 1,558,443 Shares At $2.31/Share
Portfolio Pulse from Benzinga Newsdesk
Lexaria Bioscience Corp. has announced a registered direct offering of 1,558,443 shares, priced at $2.31 per share, aiming to raise approximately $3.6 million.
February 15, 2024 | 1:21 pm
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Lexaria Bioscience Corp. is raising approximately $3.6 million through a direct offering of 1,558,443 shares at $2.31 each.
Direct offerings often lead to a dilution of existing shares, which can result in a short-term negative impact on the stock price. Given the size of the offering relative to the company's market cap, this could be significant for LEXX.
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