Glucotrack, Inc. Announces Pricing of $3.0 Million Public Offering
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Glucotrack, Inc. has announced a public offering of approximately 2.6 million shares at $1.15 per share, aiming to raise $3.0 million. The offering is expected to close on February 5, 2025.
February 04, 2025 | 5:45 pm
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Glucotrack, Inc. is conducting a public offering of 2.6 million shares at $1.15 each, aiming to raise $3.0 million. This could lead to short-term stock price volatility.
The public offering will increase the number of shares available, which can lead to a decrease in stock price due to dilution. The offering price is set at $1.15, which may be lower than the current market price, potentially causing downward pressure on the stock.
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