BioVie Closes Registered Direct Offering And Concurrent Private Placement, Raising $6.66M; Issued 4,443,000 Shares At $1.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
BioVie has successfully closed a registered direct offering and a concurrent private placement, raising $6.66 million by issuing 4,443,000 shares at $1.50 per share.
October 22, 2024 | 8:18 pm
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BioVie raised $6.66 million through a registered direct offering and private placement, issuing 4,443,000 shares at $1.50 each. This capital raise could support the company's operations and growth initiatives.
The successful capital raise of $6.66 million through share issuance at $1.50 per share provides BioVie with additional funds to support its operations and potential growth initiatives. This is generally seen as a positive development for the company, as it strengthens its financial position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100