CNS Pharmaceuticala shares are trading lower after the company announced the pricing of a registered direct offering and concurrent private placement of 568,000 shares at $2.45 per share.
Portfolio Pulse from Benzinga Newsdesk
CNS Pharmaceuticals shares are trading lower following the announcement of a registered direct offering and concurrent private placement of 568,000 shares at $2.45 per share.
June 26, 2024 | 3:02 pm
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CNS Pharmaceuticals shares are trading lower after the company announced the pricing of a registered direct offering and concurrent private placement of 568,000 shares at $2.45 per share.
The announcement of a registered direct offering and private placement typically leads to a dilution of existing shares, which can negatively impact the stock price in the short term. The market's reaction to the pricing at $2.45 per share has led to a decrease in CNSP's stock price.
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IMPORTANCE 80
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