TC BioPharm Prices 2M Unit Offering At $1/Unit In A Registered Direct Offering
Portfolio Pulse from Benzinga Newsdesk
TC BioPharm has announced the pricing of a 2 million unit offering at $1 per unit in a registered direct offering.
August 13, 2024 | 8:33 pm
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NEGATIVE IMPACT
TC BioPharm has priced a 2 million unit offering at $1 per unit in a registered direct offering. This move is likely to impact the stock price in the short term as it may lead to dilution of existing shares.
The issuance of new shares at $1 per unit could lead to dilution of existing shares, which typically results in a short-term decrease in stock price. Investors may react negatively to the increased supply of shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100