Azitra Inc. (AMEX:AZTR) shares are crashing Wednesday after the company announced the pricing of a $10 million public offering of 6,665,000 common shares and Class A warrants at $1.50 per share.
The Details:
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Azitra announced the pricing of its $10 million public offering after the market close Tuesday. The company said it intends to use the net proceeds from this offering for working capital and general corporate purposes.
According to data from Benzinga Pro, Azitra's stock currently has a float of less than 705,000 shares after the company effected a 1-for-30 reverse stock split on July 1.
How To Buy AZTR Stock:
By now you're likely curious about how to participate in the market for Anitra – be it to purchase shares, or even attempt to bet against the company.
In the the case of Anitra, which is trading at $1.27 as of publishing time, $100 would buy you 78.74 shares of stock.
AZTR Price Action: According to Benzinga Pro, Azitra shares are down 74.8% at $1.25 at the time of publication Wednesday.
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