Moleculin Announces Exercise of Warrants for $5.8 Million Gross Proceeds
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Moleculin Biotech, Inc. has announced the exercise of warrants, resulting in $5.8 million in gross proceeds. The exercise involves 5,828,570 shares at a reduced price of $1.00 per share.
February 13, 2025 | 6:30 pm
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Moleculin Biotech has secured $5.8 million through the exercise of warrants, issuing 5.8 million shares at $1.00 each. This move could impact the stock price due to the increased share count.
The exercise of warrants increases the number of shares outstanding, which can lead to stock dilution. This often results in a short-term negative impact on the stock price as the value per share may decrease. However, the $5.8 million raised could be used for further development, potentially offsetting some negative effects.
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