Reported Earlier, Ekso Bionics Prices $6M Underwritten Public Offering Of 6M Units With Dual Warrants
Portfolio Pulse from Benzinga Newsdesk
Ekso Bionics has announced a $6 million underwritten public offering of 6 million units, each priced at $1.00, including common stock and dual warrants. The offering includes 3.1 million units and 2.9 million pre-funded units, with warrants expiring in one and five years.
August 30, 2024 | 7:18 am
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Ekso Bionics is conducting a $6 million public offering, which includes 6 million units of common stock and dual warrants. This move could lead to stock price volatility as the market reacts to the dilution and potential future stock issuance.
The public offering introduces new shares and warrants into the market, which can lead to dilution of existing shares. The market may react negatively in the short term due to the increased supply of shares and potential future dilution from warrant exercises.
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