Perspective Therapeutics Prices $80M Underwritten Offering Of 51,515,880 Shares At $1.51/share and pre-funded warrants to purchase 1,464,252 shares of its common stock at $1.509/warrant
Portfolio Pulse from Benzinga Newsdesk
Perspective Therapeutics has announced the pricing of an $80 million underwritten offering, which includes 51,515,880 shares at $1.51 per share and pre-funded warrants to purchase 1,464,252 shares at $1.509 per warrant.
May 24, 2024 | 12:03 pm
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Perspective Therapeutics (CATX) has priced an $80 million underwritten offering, which includes 51,515,880 shares at $1.51 per share and pre-funded warrants to purchase 1,464,252 shares at $1.509 per warrant.
The announcement of a large underwritten offering typically leads to a short-term decrease in stock price due to dilution concerns. The offering price of $1.51 per share is also close to the current market price, which may not be seen as a premium by investors.
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