NovaBay Pharmaceuticals Announces Warrant Exercise At Reduced Price Of $2.50; 90,381 Shares Exercised, Generating $225,952 In Gross Proceeds
Portfolio Pulse from Benzinga Newsdesk
NovaBay Pharmaceuticals has announced a warrant exercise at a reduced price of $2.50 per share, resulting in the exercise of 90,381 shares and generating $225,952 in gross proceeds.
June 14, 2024 | 12:50 pm
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NovaBay Pharmaceuticals has exercised 90,381 warrants at a reduced price of $2.50 per share, generating $225,952 in gross proceeds.
The warrant exercise at a reduced price indicates a successful capital raise, which can be seen as a positive sign for the company's financial health. This could lead to a short-term increase in stock price.
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