T2 Biosystems Announced $8M Private Placement Including The Purchase And Sale Of An Aggregate Of 2.02M Shares, Series A Warrants To Purchase Up To 2.02M Shares, And Short-term Series B Warrants To Purchase Up To 2.02M At $3.95/Share
Portfolio Pulse from Benzinga Newsdesk
T2 Biosystems announced an $8 million private placement involving the sale of 2.02 million shares, Series A warrants to purchase up to 2.02 million shares, and short-term Series B warrants to purchase up to 2.02 million shares at $3.95 per share.
May 15, 2024 | 11:07 am
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T2 Biosystems announced an $8 million private placement involving the sale of 2.02 million shares and warrants at $3.95 per share. This could lead to short-term dilution of existing shares but provides the company with additional capital.
The private placement will likely lead to short-term dilution of existing shares, which could negatively impact the stock price. However, the additional capital raised could be beneficial for the company's long-term growth.
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