Matinas BioPharma Prices $10M Registered Direct Offering At A Combined Offering Price Of $0.30 Per Share And Accompanying Warrant
Portfolio Pulse from Benzinga Newsdesk
Matinas BioPharma has announced a registered direct offering priced at $10 million. The offering includes shares and accompanying warrants, each priced at $0.30. This move is aimed at raising capital, potentially for operational expenses or growth initiatives.
April 03, 2024 | 12:34 pm
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Matinas BioPharma's direct offering could dilute current shareholders but provides capital for growth or operations.
Direct offerings often lead to share dilution, negatively impacting current shareholders' value in the short term. However, the capital raised can be crucial for the company's growth or operational needs. The negative short-term impact is due to the dilution effect and the offering price potentially setting a lower benchmark for the stock price.
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