Ttoo T2 Biosystems Files For Offering Of Up To 3.32M Shares Of Common Stock Along With Series B-1 and Series B-2 Common Warrants
Portfolio Pulse from Benzinga Newsdesk
T2 Biosystems has filed for an offering of up to 3.32 million shares of common stock, including Series B-1 and Series B-2 common warrants.
May 06, 2024 | 12:02 pm
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T2 Biosystems is planning to increase its common stock offering by up to 3.32 million shares, including Series B-1 and Series B-2 common warrants.
The announcement of a new stock offering typically dilutes the value of existing shares, leading to potential short-term negative impact on the stock price. The inclusion of Series B-1 and B-2 warrants could further complicate the stock's valuation.
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