Why Azitra Stock Is Crashing
Portfolio Pulse from Erica Kollmann
Azitra Inc. (AMEX:AZTR) shares are crashing 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 stock is down 74.8% to $1.25 following the announcement.
July 24, 2024 | 4:44 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Azitra Inc. (AMEX:AZTR) shares are crashing 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 stock is down 74.8% to $1.25 following the announcement.
The announcement of a $10 million public offering at a price significantly higher than the current trading price has led to a sharp decline in Azitra's stock. The dilution effect and the market's reaction to the offering have caused the stock to drop by 74.8%.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100