Biomerica Commences ~$2.23M Private Placement Of 1.394M Shares At $1.60 Per Share
Biomerica, Inc. (NASDAQ:BMRA) ("Biomerica" or the "Company"), a developer and manufacturer of diagnostic test systems, today announced that it has entered into definitive agreements with institutional
Biomerica is selling new shares of its company to raise about $2.23 million from investors. When a company does this, it means they need cash, which can help them grow—but it also means each old share becomes a smaller piece of the whole company.
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.