Theriva Biologics shares are trading lower after the company announced the pricing of a $2.5 million offering with new warrants at $1.75 per share.
Portfolio Pulse from Benzinga Newsdesk
Theriva Biologics shares declined following the announcement of a $2.5 million offering with new warrants priced at $1.75 per share.
September 27, 2024 | 12:11 pm
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NEGATIVE IMPACT
Theriva Biologics shares fell due to the announcement of a $2.5 million offering with new warrants priced at $1.75 per share, which may dilute existing shareholders.
The announcement of a new offering typically leads to a decrease in share price due to potential dilution of existing shares. The pricing of the offering at $1.75 per share may also indicate a lower valuation, contributing to the negative sentiment.
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