Bone Biologics shares are trading lower after the company announced an exercise of warrants for $2.1 million gross proceeds.
Portfolio Pulse from Benzinga Newsdesk
Bone Biologics shares are trading lower after the company announced an exercise of warrants for $2.1 million gross proceeds.
August 02, 2024 | 1:19 pm
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Bone Biologics shares are trading lower after the company announced an exercise of warrants for $2.1 million gross proceeds.
The exercise of warrants typically leads to an increase in the number of shares outstanding, which can dilute the value of existing shares. This is likely the reason for the immediate drop in Bone Biologics' share price.
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