atai Life Sciences announces pricing of $55M public offering of shares
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atai Life Sciences has announced a public offering of approximately 26.2 million shares at $2.10 per share, aiming to raise $55 million. The underwriter has a 30-day option to purchase an additional 3.9 million shares.
February 13, 2025 | 2:00 pm
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atai Life Sciences is conducting a public offering of 26.2 million shares at $2.10 each, aiming to raise $55 million. This could lead to short-term stock price fluctuations due to increased share supply.
The public offering increases the supply of shares, which can lead to a decrease in stock price in the short term due to dilution. The offering price of $2.10 may also set a new reference point for the stock's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100