Reported Earlier, FocalTherics Prices Underwritten Offering Of 8,425,000 ADSs At $4.75 Per ADS For $40.0M Gross Proceeds
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Why It Matters
FocalTherics sold millions of new shares to raise $40 million for the company. When a company does this, it means they need cash for their business, but it can dilute what each current owner's piece of the company is worth.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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