Cibus Announces $13M Registered Direct Offering Of 1,298,040 Shares And Warrants With Institutional Investors And CEO Rory Riggs; Combined Purchase Price Per Share Of $10 For The Institutional Investors And $10.20 For Its CEO
Portfolio Pulse from Benzinga Newsdesk
Cibus has announced a $13 million registered direct offering of 1,298,040 shares and warrants with institutional investors and its CEO Rory Riggs. The combined purchase price per share is $10 for institutional investors and $10.20 for the CEO.
June 12, 2024 | 12:03 pm
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Cibus has announced a $13 million registered direct offering of shares and warrants, involving institutional investors and its CEO. The offering price is $10 per share for institutional investors and $10.20 for the CEO.
The direct offering indicates a capital raise which could be used for growth or other strategic initiatives. The involvement of institutional investors and the CEO suggests confidence in the company's future prospects, likely leading to a positive short-term impact on the stock price.
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