NANO Nuclear Energy Announces Pricing Of Upsized $36M Underwritten Offering Of 2,117,646 Shares Of Common Stock And Common Stock Purchase Warrants To Purchase 1,058,823 Shares Of Common Stock; Each Share And Associated Warrant Is Being Sold At A Public Offering Price Of $17.00
Portfolio Pulse from Benzinga Newsdesk
NANO Nuclear Energy Inc. has announced a $36 million upsized underwritten public offering of 2,117,646 shares of common stock and warrants to purchase 1,058,823 shares. Each share and warrant is priced at $17.00. The offering includes a 30-day overallotment option for additional shares and warrants.
October 24, 2024 | 12:02 pm
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NANO Nuclear Energy Inc. has announced a $36 million upsized underwritten public offering of shares and warrants, priced at $17 each. This could lead to short-term stock price volatility.
The announcement of a public offering typically leads to short-term stock price volatility due to the potential dilution of existing shares. The offering is significant in size ($36M) and includes a 30-day overallotment option, which could further impact the stock price. The exercise price of the warrants is set at the offering price, which may also influence investor sentiment.
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