Bright Minds Biosciences On Friday Announced US$35M Non-Brokered Private Placement @USD$21.70/Share
Portfolio Pulse from Benzinga Newsdesk
Bright Minds Biosciences Inc. announced a non-brokered private placement to raise up to $35 million through the sale of common shares and pre-funded warrants. The funds will be used for drug development and general working capital.
October 21, 2024 | 9:14 am
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Bright Minds Biosciences is raising up to $35 million through a private placement of shares and pre-funded warrants. The funds will support drug development and general working capital needs.
The announcement of a $35M private placement is significant for Bright Minds Biosciences as it provides substantial funding for its drug development programs. This could positively impact the company's stock price in the short term as it indicates financial health and potential growth.
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