Bio Path Holdings Inc BPTH shares are trading lower by 45.95% to $0.41 Thursday afternoon after the company priced a 3.5 million unit offering at $0.60 per unit.
The offering is expected to generate around $2.1 million in gross proceeds. The offering includes common stock purchase warrants and is expected to close around August 7, with Roth Capital Partners as the placement agent.
The proceeds will be used for working capital and general corporate purposes.
See Also: Why Sunrun Stock Is Exploding Higher
According to data from Benzinga Pro, BPTH has a 52-week high of $4.24 and a 52-week low of $0.37.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
