Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- BIOLASE Inc (NASDAQ: BIOL) has announced to sell 14 million common shares at $1.03 per share, raising $14.4 million in gross proceeds. The offering price represents a discount of 15% from the last close price of $1.21.
- Maxim Group LLC, The Benchmark Company, LLC, and Colliers Securities LLC are acting as joint-book-running managers for the offering.
- The offering is expected to close by February 10.
- Last week on Thursday, the stock gained after regaining compliance with the minimum bid price requirement set forth by Nasdaq. Consequently, the BIOLASE said it is no longer seeking stockholder approval to implement a reverse split.
- In late January, BIOLASE reported interim Q4 2020 sales of $8.2 million to $8.5 million, representing sequential growth of 26-31%, driven by sales to new customers, specialists, and DSOs. Reported cash position of approximately $25 million, providing it with the resources to execute its revenue growth strategy. The company launched the Waterlase Endo Academy and its joint marketing program with BMW for the Waterlase Mentoring Experience.
- Price Action: BIOL shares are trading higher by 3.3% at $1.25 in the premarket session on the last check Monday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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