BioVie Inc. Prices $6.66M Registered Direct Offering At $1.50 Per Share And Concurrent Private Placement With Warrants At $1.37 Per Share; Closing Expected Around October 22, 2024
Portfolio Pulse from Benzinga Newsdesk
BioVie Inc. has announced a $6.66 million registered direct offering priced at $1.50 per share and a concurrent private placement with warrants priced at $1.37 per share. The closing is expected around October 22, 2024.
October 21, 2024 | 7:09 pm
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BioVie Inc. is conducting a $6.66 million registered direct offering at $1.50 per share and a private placement with warrants at $1.37 per share, with closing expected by October 22, 2024.
The announcement of a direct offering and private placement typically leads to a short-term decrease in stock price due to dilution concerns. The offering price is below the current market price, which may further pressure the stock downward.
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