BDRX - Biodexa Pharmaceuticals Stock Is Tumbling Wednesday: What's Going On? | Benzinga
Biodexa Pharmaceuticals Plc (NASDAQ:BDRX) shares are trading lower Wednesday after the company announced $7 million in gross proceeds from warrant exercises.
What Happened: Biodexa announced the exercise of previously issued warrants and an agreement between the company and several investors to exercise certain existing Series E and Series F warrants to purchase up to approximately 4.36 million of the company’s American Depositary Shares (ADS).
The existing warrants, issued on December 21, 2023, had initial exercise prices of $2.20. The company said ...