Moleculin Biotech shares are trading lower after the company announced the pricing of a public offering for 2.47 million shares and Series A and B warrants at $2.23 per share.
Portfolio Pulse from Benzinga Newsdesk
Moleculin Biotech shares are trading lower following the announcement of a public offering for 2.47 million shares and Series A and B warrants at $2.23 per share.
August 16, 2024 | 12:10 pm
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Moleculin Biotech shares are trading lower after the company announced a public offering for 2.47 million shares and Series A and B warrants at $2.23 per share.
The announcement of a public offering typically leads to a dilution of existing shares, which can negatively impact the stock price in the short term. The market's reaction to the offering price of $2.23 per share has led to a decrease in Moleculin Biotech's share price.
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IMPORTANCE 80
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