Soligenix Announces Pricing Of $4.75M Public Offering Of 11,975,000 Shares And Warrants At $0.40/Share And Accompanying Warrant
Portfolio Pulse from Benzinga Newsdesk
Soligenix has announced a public offering priced at $4.75 million, consisting of 11,975,000 shares and accompanying warrants, with each share and warrant priced at $0.40. This move is aimed at raising capital, potentially for operational or development needs.
April 18, 2024 | 12:42 pm
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Soligenix's public offering could dilute existing shares but provides capital for growth or operational needs.
Public offerings often lead to share dilution, negatively impacting the stock price in the short term. However, the capital raised is crucial for the company's growth or operational needs, indicating a strategic move by Soligenix. The pricing of the offering at $0.40 per share and warrant is a key detail that investors will weigh against the current market price and future growth prospects of the company.
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