Calidi Biotherapeutics Announces Pricing of $7.5 Million Public Offering of Common Stock
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Calidi Biotherapeutics has announced the pricing of its public offering, raising $7.5 million by selling 4,437,869 shares at $1.69 each. This move is part of the company's strategy to fund its development of targeted immunotherapies.
November 14, 2024 | 1:45 pm
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Calidi Biotherapeutics has priced its public offering at $1.69 per share, raising $7.5 million. This could lead to short-term stock price fluctuations as the market reacts to the dilution and the company's funding strategy.
The public offering introduces new shares into the market, which can lead to dilution and affect stock prices. However, the raised funds support the company's growth strategy, which could be seen positively by investors.
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