ASXC - Asensus Surgical stock slumps on $10M stock and warrants offering
2023-07-27 09:48:45 ET
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Asensus Surgical ( NYSE: ASXC ) plans to raise $10 million through a registered direct offering, the company said Thursday.
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The company will offer 23,809,524 shares of its common stock and warrants to purchase 23,809,524 shares of common stock.
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The combined offer price is $0.42 per share and accompanying warrant.
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The offer price represents a 17.7% discount to the stock's closing price of 51 cents on Wednesday.
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The warrants have an exercise price of $0.42 per share.
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The warrants are immediately exercisable and will expire five years following the date of issuance.
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H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
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Shares -32.5% at 34 cents.
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Asensus Surgical stock slumps on $10M stock and warrants offering