scPharmaceuticals Prices $50M Public Offering Of 12M Shares Of Common Stock At A Price Of $4/Share
Portfolio Pulse from Benzinga Newsdesk
scPharmaceuticals Inc. (NASDAQ:SCPH) announced a $50 million public offering of 12 million shares of common stock at $4 per share. The offering includes pre-funded warrants and is expected to close on August 13, 2024. Leerink Partners and TD Cowen are joint book-running managers.
August 12, 2024 | 1:53 pm
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scPharmaceuticals Inc. (NASDAQ:SCPH) has announced a $50 million public offering of 12 million shares at $4 per share, including pre-funded warrants. The offering is expected to close on August 13, 2024.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution of existing shares. The offering is substantial at $50 million, which could put downward pressure on SCPH's stock price in the short term.
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