Aptevo Therapeutics Priced Its Public Offering Of 3.4M Shares And Warrants To Purchase Up To 6.8M Shares At $1.35/Share And Associated Common Warrant, With Gross Proceeds Of $4.6M
Portfolio Pulse from Benzinga Newsdesk
Aptevo Therapeutics has announced the pricing of its public offering, consisting of 3.4 million shares and warrants to purchase up to an additional 6.8 million shares, at a price of $1.35 per share. The offering is expected to generate gross proceeds of approximately $4.6 million.
April 11, 2024 | 12:05 pm
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Aptevo Therapeutics' public offering of 3.4M shares and warrants for 6.8M shares at $1.35 each aims to raise $4.6M in gross proceeds.
The public offering by Aptevo Therapeutics is a significant financial move, aimed at raising capital. While such offerings can dilute existing shares, leading to potential short-term negative pressure on the stock price, the proceeds can also provide the company with necessary funds for operations, research, and development. The impact on the stock price will depend on investor perception of the company's growth prospects and use of proceeds.
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