Xtant Medical Announced A Private Placement Of $5M Offering 7.812M Shares At $0.64/Share
Portfolio Pulse from Benzinga Newsdesk
Xtant Medical has announced a private placement of $5 million, offering 7.812 million shares at $0.64 per share.
August 08, 2024 | 12:44 pm
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Xtant Medical announced a private placement of $5 million, offering 7.812 million shares at $0.64 per share. This could lead to short-term dilution of existing shares but provides the company with additional capital.
The private placement will increase the number of outstanding shares, potentially diluting the value of existing shares. However, the additional capital could be used for growth or other strategic initiatives.
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IMPORTANCE 80
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