Check-Cap Prices $10M Public Offering Of 1,538,462 Shares At $6.50 Per Share
In addition, the Company has granted the underwriter a 30-day option to purchase up to an additional 230,769 Ordinary Shares at the public offering price, less the underwriting discounts and commissions. The offering is
Check-Cap is selling new shares to raise $10 million, which gives the company cash to spend but also means current owners' pieces of the company get a little smaller. When a company does this, watch whether they use the money wisely on new projects or products.
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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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