Eton Pharmaceuticals Entered Agreements To Issue And Sell 1,287,500 Shares Of Common Stock At $3.50/Share And Agreements to Issue Pre-Funded Warrants To Purchase 2,462,500 Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Eton Pharmaceuticals has entered into agreements to issue and sell 1,287,500 shares of common stock at $3.50 per share and to issue pre-funded warrants for purchasing an additional 2,462,500 shares of common stock. This move is aimed at raising capital, potentially for operational or expansion purposes.
April 18, 2024 | 8:29 pm
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Eton Pharmaceuticals is issuing over 1.28M shares and pre-funded warrants for 2.46M shares at $3.50/share to raise capital.
The issuance of new shares and pre-funded warrants by Eton Pharmaceuticals is likely to dilute existing shareholders' equity, which could lead to a short-term negative impact on the stock price. However, the capital raised could be beneficial for long-term growth if used effectively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100