Pulse Biosciences Announces Preliminary Results For Its Rights Offering Expected To Generate $60M In Immediate Gross Proceeds For The Co
Portfolio Pulse from Benzinga Newsdesk
Pulse Biosciences announced preliminary results for its rights offering, expected to generate $60M in immediate gross proceeds. The offering received subscriptions exceeding $83M, with allocations to be proportionately distributed among over-subscribed rights holders. The company expects to receive $60M in gross proceeds, with potential additional proceeds from warrant exercises.
June 28, 2024 | 12:05 pm
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Pulse Biosciences' rights offering received subscriptions exceeding $83M, expected to generate $60M in immediate gross proceeds. The company may also receive additional proceeds from warrant exercises.
The successful rights offering indicates strong investor interest, which is likely to positively impact the stock price in the short term. The potential for additional proceeds from warrant exercises further adds to the positive outlook.
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