Greenbrook Announces $1.2M Registered Direct Offering Of 6M Shares At $0.20/Share Purchase Price
Portfolio Pulse from Benzinga Newsdesk
Greenbrook TMS Inc. has announced a registered direct offering of 6 million shares at a purchase price of $0.20 per share, totaling $1.2 million. This move is aimed at raising capital for the company.
February 22, 2024 | 1:05 pm
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Greenbrook TMS Inc. is raising $1.2 million through a direct offering of 6 million shares at $0.20 each.
Direct offerings often lead to dilution of existing shares, which can negatively impact the stock price in the short term. Given the specifics of the offering, it's likely that investors may view this as dilutive and potentially negative for the stock price.
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