Genelux Prices $27.5M Offering Of 6.875M Shares And Accompanying Warrants At A price Of $4/Share And Accompanying Warrant
Portfolio Pulse from Benzinga Newsdesk
Genelux Corporation has priced an offering of 6,875,000 shares and accompanying warrants at $4 per share and warrant, aiming to raise gross proceeds of $27.5 million.
May 24, 2024 | 12:08 pm
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Genelux Corporation has announced the pricing of an offering of 6,875,000 shares and accompanying warrants at $4 per share and warrant, with expected gross proceeds of $27.5 million. This move could lead to short-term dilution of existing shares but provides the company with additional capital.
The offering of new shares and warrants at $4 each is likely to dilute the value of existing shares in the short term. However, the raised capital could be beneficial for the company's long-term growth.
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