Bright Minds Biosciences Announces $35M Private Placement Of Common Shares
Portfolio Pulse from Benzinga Newsdesk
Bright Minds Biosciences has announced a $35 million private placement of common shares and pre-funded warrants at $21.70 per share. The pre-funded warrants are exercisable at $0.001 per share for up to five years.
October 18, 2024 | 12:03 pm
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Bright Minds Biosciences is raising $35 million through a private placement of common shares and pre-funded warrants, potentially impacting its stock price.
The $35 million private placement indicates a significant capital raise for Bright Minds Biosciences, which could be used for growth initiatives or operational needs. The low exercise price of the pre-funded warrants suggests a favorable condition for investors, potentially leading to positive sentiment and a short-term increase in stock price.
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