Allarity Therapeutics Entered Into At-The-Market Issuance Sales Agreement With Ascendiant Capital, May Offer Up To $947K In Shares -8-K
Portfolio Pulse from Charles Gross
Allarity Therapeutics has signed an at-the-market issuance sales agreement with Ascendiant Capital, allowing it to offer up to $947K in shares, according to an 8-K filing.

March 20, 2024 | 10:09 am
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Allarity Therapeutics' agreement with Ascendiant Capital to offer up to $947K in shares could impact its stock liquidity and potentially dilute current shareholders' value.
The announcement of a new share offering typically leads to concerns about dilution of existing shareholders' equity, which can negatively impact the stock price in the short term. However, the increase in liquidity and potential for raising capital is also a factor to consider.
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