PTE - PolarityTE under pressure on pricing $8M registered direct offering
PolarityTE (PTE) has priced registered direct offering of 10,688,043 shares of its common stock (or pre-funded warrants to purchase common stock in lieu thereof) and accompanying warrants to purchase up to 10,688,043 shares of common stock at a combined price of $0.7485/share.The five years warrants will be immediately exercisable at $0.624/share.The company intends to use the net proceeds for working capital and general corporate purposes.Closing date is December 24.Shares down 7.7% premarket.
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PolarityTE under pressure on pricing $8M registered direct offering