Revelation Biosciences shares are trading lower after the company announced it entered into agreement to exercise 2.55 million warrants at $1.50 per share.
Portfolio Pulse from Benzinga Newsdesk
Revelation Biosciences shares declined following the company's announcement of an agreement to exercise 2.55 million warrants at $1.50 per share.
August 22, 2024 | 12:31 pm
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Revelation Biosciences shares are trading lower after the company announced an agreement to exercise 2.55 million warrants at $1.50 per share. This move likely increases the share supply, potentially diluting existing shares.
The exercise of 2.55 million warrants at $1.50 per share increases the total number of shares outstanding, which can lead to dilution of existing shares. This typically results in a negative short-term impact on the stock price as the market adjusts to the increased supply.
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