Reported Earlier, Syra Health Prices $2.1M Public Offering With Shares And Warrants Priced At $0.64 Each
Portfolio Pulse from Benzinga Newsdesk
Syra Health Corp. has announced a $2.1 million public offering, pricing shares and warrants at $0.64 each. The offering includes 3,203,125 shares of Class A common stock and Series A and B warrants.
September 12, 2024 | 7:13 am
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Syra Health Corp. has priced a public offering of shares and warrants at $0.64 each, raising $2.1 million. This could lead to short-term stock price volatility as the market reacts to the dilution and potential future exercise of warrants.
The public offering introduces new shares and warrants, which can dilute existing shareholders' value. The exercise price of the warrants is the same as the offering price, indicating potential future dilution if exercised. This typically results in short-term downward pressure on the stock price as the market adjusts to the increased share count.
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