Aethlon Medical shares are trading lower after the company announced the pricing of a $4.7 million public offering of 8.1 million shares of common stock, Class A and B Warrants at $0.58 per share.
Portfolio Pulse from Benzinga Newsdesk
Aethlon Medical shares are trading lower following the announcement of a $4.7 million public offering of 8.1 million shares of common stock, Class A and B Warrants at $0.58 per share.
May 15, 2024 | 4:42 pm
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Aethlon Medical shares are trading lower after the company announced a $4.7 million public offering of 8.1 million shares of common stock, Class A and B Warrants at $0.58 per share.
The announcement of a public offering typically leads to a dilution of existing shares, which can negatively impact the stock price in the short term. The offering price of $0.58 per share is likely perceived as low, contributing to the decline in share price.
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