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
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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%.
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