2023-03-28 08:38:17 ET
- TC BioPharm (Holdings) ( NASDAQ: TCBP ) said on Tuesday that the biotechnology company has priced an ~$5.5M public offering.
- The offering consists of 3.44M American Depositary Shares, along with series C warrants to purchase up to 3.44M ADSs, at $1.60 per ADS.
- The series C warrants will have an exercise price of $1.75 per ADS.
- Each ADS represents one ordinary share.
- The offering is expected to close on or about Mar. 30.
- The net proceeds are intended to be used for working capital and general corporate purposes.
- TCBP shares were trading -11.11% pre-market.
- Source: Press Release
For further details see:
TC BioPharm prices ~$5.5M public offering