Nuvectis Pharma Announces Pricing of $13.5 Million Public Offering of Common Stock
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Nuvectis Pharma, Inc. has announced the pricing of its public offering of 2.7 million shares at $5.00 each, aiming to raise $13.5 million. The underwriter has a 30-day option to purchase an additional 405,000 shares. The offering is expected to close on February 6, 2025.
February 05, 2025 | 2:15 pm
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Nuvectis Pharma is conducting a public offering of 2.7 million shares at $5.00 each, with potential gross proceeds of $13.5 million. The offering may impact NVCT's stock price due to dilution and market perception.
The public offering of 2.7 million shares at $5.00 each could lead to stock dilution, which often results in a short-term decrease in stock price. The market's perception of the offering's success and the company's future prospects will also play a role in the stock's movement.
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