Biora Therapeutics Announces $6M Registered Direct Offering and Concurrent Private Placement

Monday, 1 April 2024, 12:34
Biora Therapeutics (BIOR) disclosed a securities purchase agreement on Monday for ~5.45 million common shares in a registered direct offering and a private placement. The offering price was set at... This move is expected to have significant effects on the company's financial standing and market positioning.
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Biora Therapeutics Announces $6M Registered Direct Offering and Concurrent Private Placement

Biora Therapeutics Announcement

Biora Therapeutics (BIOR) announced a securities purchase agreement on Monday for the acquisition of approximately 5.45 million common shares. The shares were offered in a registered direct offering alongside a private placement.

Direct Offering Details:

  • Volume: ~5.45 million common shares
  • Pricing: Set at favorable market price
  • Impact: Significantly affects Biora Therapeutics' financial standing
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