ProPhase Labs Announces Pricing of Public Offering of Common Stock
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ProPhase Labs, Inc. has announced the pricing of its public offering of 4,170,000 shares of common stock at $0.72 per share, aiming to raise approximately $3 million. The offering is expected to close on November 12, 2024.
November 08, 2024 | 5:00 am
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ProPhase Labs is conducting a public offering of 4,170,000 shares at $0.72 per share, potentially raising $3 million. This could lead to short-term stock price volatility.
The public offering increases the number of shares available, which can dilute existing shares and potentially lead to a decrease in stock price. The offering price is set at $0.72, which may be lower than the current market price, adding to potential downward pressure.
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