Applied Therapeutics Said On Feb 27, 2024 Co Entered Into Securities Purchase Agreement For Private Placement With Select Group Of Accredited Investors; 12.3M Shares Of Co's Common Stock At $7/Share
Portfolio Pulse from Charles Gross
Applied Therapeutics announced a private placement agreement on Feb 27, 2024, with a select group of accredited investors for 12.3M shares at $7/share.
February 29, 2024 | 10:01 pm
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NEUTRAL IMPACT
Applied Therapeutics has entered into a private placement agreement to sell 12.3 million shares at $7 each.
The private placement of shares by Applied Therapeutics could have a neutral to slightly positive impact on its stock price in the short term. The sale of shares at $7 each could indicate investor confidence at this price level, potentially stabilizing the stock price. However, the dilutive effect of issuing additional shares could offset some of the positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100