Bluejay Diagnostics Priced Underwritten Public Offering Of 5.368M Shares Or Prefunded Warrants, Purchase Price Of Each Common Unit $1.63; Expected Gross Proceeds $8.75M
Portfolio Pulse from Benzinga Newsdesk
Bluejay Diagnostics has priced an underwritten public offering of 5.368 million shares or prefunded warrants at a purchase price of $1.63 per common unit, with expected gross proceeds of $8.75 million.
June 27, 2024 | 1:08 pm
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Bluejay Diagnostics has announced an underwritten public offering of 5.368 million shares or prefunded warrants at $1.63 per unit, with expected gross proceeds of $8.75 million. This move is likely to dilute existing shares and could put downward pressure on the stock price in the short term.
The issuance of new shares or prefunded warrants at a price of $1.63 per unit is likely to dilute the value of existing shares. This could lead to a decrease in the stock price in the short term as the market adjusts to the increased supply of shares.
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