CNS Pharmaceuticals Announces Pricing Of $1.98M Registered Direct Offering And Concurrent Private Placement Of 1.425M Shares Of Common Stock At A Combined Purchase Price Of $1.39 Per Share
Portfolio Pulse from Benzinga Newsdesk
CNS Pharmaceuticals, Inc. (NASDAQ:CNSP) announced a $1.98 million registered direct offering and concurrent private placement of 1.425 million shares of common stock at $1.39 per share. The proceeds will be used for working capital and general corporate purposes.
July 03, 2024 | 3:15 pm
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CNS Pharmaceuticals announced a $1.98 million registered direct offering and concurrent private placement of 1.425 million shares at $1.39 per share. The funds will be used for working capital and general corporate purposes.
The direct offering and private placement will provide CNS Pharmaceuticals with additional capital, which is positive for its financial health. However, the issuance of new shares may dilute existing shareholders' equity, leading to a neutral short-term impact on the stock price.
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