Haoxi Health Technology Limited Announces Pricing Of A $12M Underwritten Follow-On Public Offering Of 4M Units At A Price Of $3/Unit
Portfolio Pulse from Benzinga Newsdesk
Haoxi Health Technology Limited (HAO) has announced a $12 million underwritten follow-on public offering of 4 million units at $3 per unit. Each unit includes one Class A Ordinary Share or a pre-funded warrant, and Series A and B warrants. The offering aims to raise funds for the company.
September 19, 2024 | 1:31 pm
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Haoxi Health Technology Limited is conducting a $12 million follow-on public offering, which includes Class A shares and warrants. This move is likely to impact the stock price as it increases the number of shares available in the market.
The follow-on public offering increases the number of shares available, which can dilute existing shares and potentially lead to a decrease in stock price. The offering includes warrants that could further increase the share count if exercised.
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IMPORTANCE 80
RELEVANCE 100