Predictive Oncology Exercises Warrants For $1.26M Gross Proceeds
Portfolio Pulse from Benzinga Newsdesk
Predictive Oncology Inc. (NASDAQ:POAI) has entered into an agreement to exercise existing warrants, resulting in gross proceeds of approximately $1.26 million. The exercise price of the warrants has been reduced to $1.32 per share. H.C. Wainwright & Co. is the exclusive placement agent for the transaction.
July 26, 2024 | 12:01 pm
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Predictive Oncology Inc. (NASDAQ:POAI) has exercised existing warrants, generating $1.26 million in gross proceeds. The exercise price was reduced to $1.32 per share.
The exercise of warrants at a reduced price and the resulting gross proceeds of $1.26 million are likely to provide short-term financial benefits to Predictive Oncology. This could positively impact the stock price in the short term as it improves the company's liquidity.
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