BioXcel Therapeutics Announces Pricing of $7.0 Million Public Offering
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BioXcel Therapeutics has announced a $7 million public offering, pricing 5.6 million shares and warrants at $0.48 each. The offering includes pre-funded warrants for certain investors. The proceeds will be used for corporate purposes.
November 22, 2024 | 1:30 pm
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BioXcel Therapeutics has priced a public offering of 5.6 million shares and warrants at $0.48 each, aiming to raise $7 million. This move may impact the stock price due to potential dilution.
The public offering involves issuing new shares, which typically leads to stock dilution. This can negatively impact the stock price in the short term as the market adjusts to the increased share count.
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