Inhibikase Therapeutics Prices $4.0M Registered Direct Offering And Warrant Inducement Of 1,672,452 Shares Of Common Stock And 1,672,452 Unregisted Class B Warrants At Combined Purchase Price Of $1.68 Per Common Stock And Series A And B Warrant.
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Inhibikase Therapeutics has announced a $4.0 million registered direct offering and warrant inducement involving 1,672,452 shares of common stock and 1,672,452 unregistered Class B warrants at a combined purchase price of $1.68 per share and warrant.
May 20, 2024 | 12:07 pm
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Inhibikase Therapeutics has priced a $4.0 million registered direct offering and warrant inducement, which includes 1,672,452 shares of common stock and 1,672,452 unregistered Class B warrants at a combined price of $1.68 per share and warrant.
The direct offering and warrant inducement could lead to short-term dilution of existing shares, potentially putting downward pressure on the stock price. However, the capital raised could be used for growth initiatives, which might be positive in the long term.
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