DiaMedica Therapeutics shares are trading higher. The company announced a $11.8 million private placement and will issue 4.720 million shares at $2.50 per share.
Portfolio Pulse from Benzinga Newsdesk
DiaMedica Therapeutics shares are trading higher following the announcement of an $11.8 million private placement, issuing 4.720 million shares at $2.50 per share.
June 26, 2024 | 3:19 pm
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DiaMedica Therapeutics announced an $11.8 million private placement, issuing 4.720 million shares at $2.50 per share, leading to a rise in its stock price.
The announcement of a private placement often indicates investor confidence and provides the company with additional capital, which is generally viewed positively by the market. This has led to a rise in DMAC's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100