As Of March 31, 2024, Cingulate Had $1.1M In Cash And Cash Equivalents. Management Intends To Seek Opportunities To Access Additional Capital As Needed
Portfolio Pulse from Benzinga Newsdesk
As of March 31, 2024, Cingulate reported having $1.1M in cash and cash equivalents. The management is actively seeking opportunities to access additional capital as needed.
May 08, 2024 | 11:34 am
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Cingulate disclosed having $1.1M in cash and cash equivalents by March 31, 2024, and is exploring options to raise more capital.
The announcement of a relatively low cash position and the need to seek additional capital could indicate financial strain or future dilution of shares, potentially leading to a negative short-term impact on Cingulate's stock price.
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