ADMP - Adamis Pharmaceuticals down after announcing pricing of $8M public offering

2023-08-02 08:55:14 ET

• Adamis Pharmaceuticals Corporation ( NASDAQ: ADMP ) shares down 71% after it announced pricing of its public offering of 5,930,000 units at a price of $1.35 per unit.
• Each unit consists of one share of common stock and one warrant to purchase one share of common stock.
• The common warrants will be immediately exercisable at an exercise price of $1.35 per share and will expire five years from the date of issuance.
• Gross proceeds are expected to be about $8.0 million and the offering is expected to close on August 4.
• Source: Press Release

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