FWBI - First Wave BioPharma prices ~$2.1M public offering of shares warrants
2023-07-19 08:33:31 ET
- Biopharmaceutical company First Wave BioPharma ( NASDAQ: FWBI ) said on Wednesday that it has priced an ~$2.1M public offering of shares and warrants.
- The issuance involves 3.3M shares and warrants to purchase up to 6.6M shares at $0.64 per share and associated warrants.
- Each share is being sold together with two warrants, each to purchase one share.
- The offering is expected to close on or about July 21.
- The net proceeds are intended to be used for working capital and general corporate purposes.
- FWBI shares were trading -1.43% pre-market.
- Source: Press Release
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First Wave BioPharma prices ~$2.1M public offering of shares, warrants