enVVeno Medical's $15M Public Offering of 4.3M Shares At $3.50/Share Aims to Fund VenoValve and enVVe Development
Portfolio Pulse from Benzinga Newsdesk
enVVeno Medical Corporation (NASDAQ:NVNO) announced a $15 million public offering of 4.3 million shares at $3.50 per share. The funds will be used for the development of VenoValve and enVVe products.
September 27, 2024 | 6:49 am
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enVVeno Medical is conducting a $15M public offering to fund its VenoValve and enVVe products. The offering involves 4.3M shares at $3.50 each, with potential short-term dilution effects on stock price.
The public offering of 4.3 million shares at $3.50 each could lead to short-term stock price dilution due to the increase in share supply. The funds are aimed at product development, which is positive long-term but may not offset immediate dilution effects.
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