BioCardia Prices 2.4M Upsized Public Offering At Combined Offering Price Of $3 Per Share And Accompanying Warrant
Portfolio Pulse from Benzinga Newsdesk
BioCardia has announced an upsized public offering of 2.4 million shares at a combined offering price of $3 per share, including accompanying warrants.
August 30, 2024 | 12:01 pm
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BioCardia has priced an upsized public offering of 2.4 million shares at $3 per share, including accompanying warrants. This move is likely to impact the stock price as it increases the number of shares available in the market.
The upsized public offering increases the number of shares available, which can lead to a dilution of existing shares and potentially lower the stock price in the short term. The offering price of $3 per share sets a benchmark for the market.
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