P3 Health Partners Prices ~$42.2M Private Placement Of 67.4M Units At A Price OF $0.6270 Per Unit With Certain Institutional Investors
Portfolio Pulse from Benzinga Newsdesk
P3 Health Partners Inc. (NASDAQ:PIII) has announced a private placement of approximately $42.2 million with institutional investors, including affiliates of Chicago Pacific Founders. The funds will be used for working capital and general corporate purposes.
May 23, 2024 | 12:08 pm
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P3 Health Partners Inc. (NASDAQ:PIII) has secured approximately $42.2 million through a private placement with institutional investors, including affiliates of Chicago Pacific Founders. The funds will be used for working capital and general corporate purposes.
The infusion of $42.2 million in capital will provide P3 Health Partners with additional resources for working capital and general corporate purposes, which is likely to be viewed positively by investors. This could lead to a short-term increase in the stock price.
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