Azitra Announces Pricing of $1.5 Million Public Offering of Common Stock
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Azitra, Inc. has announced the pricing of its public offering of 4,857,780 shares of common stock at $0.30 per share, raising $1.5 million. This move is part of their strategy to fund the development of therapies for precision dermatology.
January 15, 2025 | 1:45 pm
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Azitra, Inc. has priced its public offering at $0.30 per share, raising $1.5 million. This could lead to short-term stock price volatility as the market reacts to the dilution and the company's funding strategy.
The public offering at a low price per share may lead to stock dilution, which often results in a short-term decrease in stock price. However, the raised funds could support the company's strategic goals, potentially stabilizing the stock in the long term.
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