Catheter Precision shares are trading lower after the company announced it will exercise $4.9 million worth of warrants to purchase 5,347,981 shares of common stock at an exercise price of $0.70.
Portfolio Pulse from Benzinga Newsdesk
Catheter Precision's shares are declining following the company's decision to exercise $4.9 million in warrants to purchase over 5.3 million shares at $0.70 each.
October 25, 2024 | 2:36 pm
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NEGATIVE IMPACT
Catheter Precision's stock is under pressure after announcing the exercise of $4.9 million in warrants to acquire 5,347,981 shares at $0.70 each.
The exercise of warrants increases the number of shares outstanding, which can dilute existing shareholders' value, leading to a decrease in stock price. The market is reacting negatively to this dilution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100