Catheter Precision Announces Pricing Of $3.1M Public Offering Of Common Stock And Pre-Funded Units
Portfolio Pulse from Benzinga Newsdesk
Catheter Precision has announced a public offering of $3.1 million in common stock and pre-funded units, including Series H, I, and J warrants with a fixed exercise price of $1.00. The offering does not include variable pricing features.
August 30, 2024 | 1:34 pm
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Catheter Precision is conducting a $3.1 million public offering of common stock and pre-funded units, including Series H, I, and J warrants with a fixed exercise price of $1.00. This could lead to stock price volatility due to the new issuance.
The public offering increases the number of shares available, which can dilute existing shares and potentially lead to a decrease in stock price. The fixed exercise price of the warrants provides certainty, but the overall increase in share supply may pressure the stock price downward in the short term.
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