Lexaria Bioscience Announces Warrant Inducement Repricing 453,969 Warrants To $12.92/Share From Original Prices Of $17.85 To $45.90, For About $5.9M Gross Proceeds; Issues New Series A, Series B Warrants At $12.67/Share
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Why It Matters
Lexaria lowered the price on some old promises to buy stock, so more people might exercise them and give the company cash. This means the company needed money and had to make the deal sweeter—watch whether they use it wisely or if they need more cash later.
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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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