FocalTherics Announces Underwritten Public Offering Of ADSs
The Company intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the ADSs sold in the Offering on the same terms and conditions. The terms of the ADSs to be issued in the Offering are
FocalTherics is selling new shares of its company to raise money, and the banks helping with the sale can buy even more shares if they want. When a company does this, it means they need cash right now, which is useful to know when thinking about what they might do next.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.