Scancell outlines plans to raise up to £9.5m to support clinical plans
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Scancell Holdings PLC plans to raise up to £9.5 million through a new share placement and retail offer to support its clinical programs.
December 05, 2024 | 7:45 am
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Scancell Holdings PLC is raising up to £9.5 million through a share placement and retail offer to fund its clinical programs. This move could impact the stock price due to potential dilution and increased capital for growth.
The announcement of a share placement often leads to a short-term decrease in stock price due to dilution concerns. However, the raised capital could support future growth, potentially offsetting the initial negative impact.
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