BioSig Announces $3M Registered Direct Offering; 1,570,683 Shares At $1.91/Share
Portfolio Pulse from Benzinga Newsdesk
BioSig Technologies, Inc. (BSGM) has announced a $3 million registered direct offering, issuing 1,570,683 shares at $1.91 per share.
May 30, 2024 | 12:04 pm
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BioSig Technologies, Inc. (BSGM) has announced a $3 million registered direct offering, issuing 1,570,683 shares at $1.91 per share. This move could lead to short-term downward pressure on the stock price due to dilution concerns.
The issuance of new shares typically leads to dilution, which can result in a decrease in the stock price as the value of existing shares is diluted. Investors may react negatively in the short term.
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