NLS Pharmaceutics Annnounced Registered Direct Offering Of 3,277,750 Shares At $0.24/Share
Portfolio Pulse from Benzinga Newsdesk
NLS Pharmaceutics announced a registered direct offering of 3,277,750 shares at $0.24 per share.
June 28, 2024 | 1:22 pm
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NLS Pharmaceutics announced a registered direct offering of 3,277,750 shares at $0.24 per share. This could lead to short-term downward pressure on the stock price due to dilution concerns.
The issuance of new shares at a price lower than the current market price typically leads to dilution, which can result in a decrease in the stock price. Investors may react negatively in the short term.
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