Carmell Announces $3M Private Placement Of ~1,333,333 Shares Of Its Common Stock In A Private Placement At A Price Of $2.25 Per Common Share
Portfolio Pulse from Benzinga Newsdesk
Carmell Corporation (NASDAQ:CTCX), a bio-aesthetics company, announced a private placement of approximately 1,333,333 shares at $2.25 each, totaling $3M in gross proceeds. The CEO participated at $2.88 per share, the closing price on April 3, 2024. Post-placement, Carmell will have about 20.58 million shares outstanding. Brookline Capital Markets was the exclusive placement agent.
April 04, 2024 | 12:57 pm
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Carmell Corporation completed a private placement raising $3M by selling approximately 1,333,333 shares at $2.25 each. The CEO's participation at a higher price of $2.88 per share, aligning with the market closing price, indicates strong internal confidence.
The CEO's participation at a higher price than the private placement suggests strong confidence in the company's future, potentially signaling to investors a positive outlook. This, combined with the successful capital raise, could lead to a short-term positive impact on CTCX's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100