NLS Pharmaceutics Announces $1.75M Registered Direct Offering Of 7M Shares At $0.25/Share
Portfolio Pulse from Benzinga Newsdesk
NLS Pharmaceutics has announced a registered direct offering of 7 million shares at a price of $0.25 per share, raising a total of $1.75 million. This move is aimed at increasing the company's capital.
March 20, 2024 | 5:49 pm
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NLS Pharmaceutics announces a registered direct offering of 7 million shares at $0.25 per share, raising $1.75 million.
Direct offerings often lead to dilution of existing shares, which can result in a negative short-term impact on the stock price. Given the specifics of the offering, it's likely that investors may view this move as dilutive, potentially leading to a decrease in the stock price in the short term.
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