Gain Therapeutics shares are trading lower after the company announced the pricing of a $11 million public offering of 7,116,547 shares at $1.35 per share and pre-funded warrants.
Portfolio Pulse from Benzinga Newsdesk
Gain Therapeutics shares are trading lower following the announcement of an $11 million public offering, pricing 7,116,547 shares at $1.35 per share and pre-funded warrants.
June 14, 2024 | 11:53 am
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Gain Therapeutics shares are trading lower after the company announced the pricing of an $11 million public offering of 7,116,547 shares at $1.35 per share and pre-funded warrants.
The announcement of a public offering typically leads to a dilution of existing shares, which can negatively impact the stock price in the short term. The pricing at $1.35 per share may also be perceived as undervaluing the stock, contributing to the decline.
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