NovaBay Pharmaceuticals Prices Public Offering Of 3.2M Shares And Warrants At $1.10 Per Share
Portfolio Pulse from Benzinga Newsdesk
NovaBay Pharmaceuticals has announced the pricing of a public offering of 3.2 million shares and warrants at $1.10 per share.
July 26, 2024 | 12:32 pm
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NovaBay Pharmaceuticals has priced a public offering of 3.2 million shares and warrants at $1.10 per share, which could lead to short-term stock price volatility.
The pricing of a public offering often leads to a dilution of existing shares, which can result in a short-term decrease in stock price. Investors may react negatively to the increased supply of shares.
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