Azitra shares are trading lower after the company announced the pricing of a $10 million public offering of 6,665,000 common shares and Class A warrants at $1.50 per share.
Portfolio Pulse from Benzinga Newsdesk
Azitra shares are trading lower following the announcement of a $10 million public offering of 6,665,000 common shares and Class A warrants at $1.50 per share.
July 24, 2024 | 10:54 am
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Azitra shares are trading lower after the company announced a $10 million public offering of 6,665,000 common shares and Class A warrants at $1.50 per share.
The announcement of a public offering often leads to a decrease in share price due to dilution concerns. The offering price of $1.50 per share may also be perceived as undervaluing the stock, contributing to the negative sentiment.
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