Longeveron shares are trading lower after the company announced agreements for the exercise of warrants for $4.4 million in gross proceeds
Portfolio Pulse from Benzinga Newsdesk
Longeveron shares are trading lower after the company announced agreements for the exercise of warrants for $4.4 million in gross proceeds.
June 17, 2024 | 12:47 pm
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NEGATIVE IMPACT
Longeveron shares are experiencing a decline following the announcement of agreements for the exercise of warrants, which will bring in $4.4 million in gross proceeds.
The exercise of warrants typically leads to an increase in the number of shares outstanding, which can dilute the value of existing shares. This is likely causing the current decline in Longeveron's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100