Cue Biopharma's $12M Public Offering Includes Pre-Funded Warrants at $0.50/Share
Portfolio Pulse from Benzinga Newsdesk
Cue Biopharma announced a $12 million public offering, including common stock and pre-funded warrants priced at $0.50 per share. The offering is expected to close by September 30, 2024.
September 27, 2024 | 6:46 am
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Cue Biopharma is conducting a $12 million public offering, selling common stock and pre-funded warrants at $0.50 per share. This could lead to stock price volatility as the market reacts to the dilution and potential future growth.
The public offering introduces new shares and warrants, which can dilute existing shareholders' value, potentially leading to a short-term decrease in stock price. However, the funds raised could support future growth, partially offsetting the negative impact.
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IMPORTANCE 80
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