BriaCell Therapeutics Announces $5M Offering Of 5.13M Shares And Warrants Priced At $0.975 Per Unit
Portfolio Pulse from Benzinga Newsdesk
BriaCell Therapeutics has announced a $5 million offering consisting of 5.13 million shares and warrants, priced at $0.975 per unit.
October 01, 2024 | 6:07 pm
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BriaCell Therapeutics is conducting a $5 million offering of 5.13 million shares and warrants, priced at $0.975 per unit. This move could lead to stock price volatility as the market reacts to the dilution and potential capital raise.
The announcement of a share and warrant offering typically leads to a short-term decrease in stock price due to dilution concerns. The offering price of $0.975 per unit may also influence investor sentiment. However, the capital raised could be used for growth, which might offset some negative impacts.
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