Reported Earlier, Azitra Prices $10M Public Offering Of 6,665,000 Common Shares And Class A Warrants At $1.50
Portfolio Pulse from Benzinga Newsdesk
Azitra has announced a $10 million public offering of 6,665,000 common shares and Class A warrants at a price of $1.50 per share.
July 24, 2024 | 7:08 am
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Azitra has priced a $10 million public offering of 6,665,000 common shares and Class A warrants at $1.50 per share. This move is likely to impact the stock price in the short term due to the dilution of existing shares.
The public offering will increase the number of shares outstanding, which typically leads to a dilution of existing shares. This can put downward pressure on the stock price in the short term.
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