Longeveron Enters Agreements For Warrant Exercise To Purchase 1.7M Shares At $2.35 Each, Expected To Raise $4.4M; Issues New Warrants For 3.4M Shares At $2.50 Each With 24-Month Term
Portfolio Pulse from Benzinga Newsdesk
Longeveron has entered into agreements for the exercise of warrants to purchase 1.7 million shares at $2.35 each, expected to raise $4.4 million. Additionally, the company has issued new warrants for 3.4 million shares at $2.50 each with a 24-month term.
June 17, 2024 | 12:40 pm
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Longeveron has entered into agreements for the exercise of warrants to purchase 1.7 million shares at $2.35 each, expected to raise $4.4 million. The company has also issued new warrants for 3.4 million shares at $2.50 each with a 24-month term.
The exercise of warrants and the issuance of new warrants are likely to provide Longeveron with additional capital, which can be used for growth and development. This is generally positive news for the stock in the short term.
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IMPORTANCE 80
RELEVANCE 100