Scorpius Holdings Announces New Pricing of $12.5M Underwritten Public Offering of 12.5M Shares of Common Stock or Pre-Funded Warrants
Portfolio Pulse from Benzinga Newsdesk
Scorpius Holdings has announced a new pricing of a $12.5 million underwritten public offering, consisting of 12.5 million shares of common stock or pre-funded warrants. The company also has a 45-day option to purchase an additional 1.875 million shares. Additionally, Scorpius Holdings has received approval for a financial viability exception from the NYSE American.
August 16, 2024 | 1:51 pm
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Scorpius Holdings has announced a $12.5 million underwritten public offering of 12.5 million shares of common stock or pre-funded warrants, with a 45-day option for an additional 1.875 million shares. The company has also received approval for a financial viability exception from the NYSE American.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution concerns. However, the approval of a financial viability exception from the NYSE American is a positive regulatory development, which may mitigate some negative impact.
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