Why Applied DNA Sciences (APDN) Stock Is Down 37% Today
Why Applied DNA Sciences (APDN) Stock Is Down 37% Today
Applied DNA Sciences Inc (NASDAQ:APDN) shares are trading lower by 40% to 19 cents during Wednesday's session after the company announced a registered direct offering and concurrent private placement expected to generate approximately $6.5 million in gross proceeds before expenses.
Applied DNA Sciences Inc（納斯達克：APDN）股價週三下跌40%，至19美分，在公司宣佈註冊直接發行和同時進行的定向增發後，預計在支出前將獲得大約650萬美元的總收入。
What To Know: The offering consists of 20,312,500 shares of common stock, priced at 32 cents each, and includes pre-funded warrants. Alongside this, investors will receive Series C and Series D Warrants, each allowing the purchase of 20,312,500 shares at the same exercise price, with differing expiration terms. The Series D Warrants feature a cashless exercise option and provisions for adjustment during a potential reverse stock split.
了解：該發行包括2031.25萬股普通股，每股定價32美分，還包括預融資認股權證。除此之外，投資者將獲得C系列和D系列認股權證，每種認股權證允許以相同的行權價格購買2031.25萬股，但具有不同的到期期限。D系列認股權證具有無現金行權選擇，並且在潛在的股票反向拆分期間具有調整條款。
Additionally, existing Series A Warrants will be amended to include a floor price for price protection. The offering is expected to close around October 31, pending customary conditions, with Craig-Hallum serving as the placement agent.
此外，現有的A系列認股權證將進行修正，以包括價格保護的底價。該發行預計將於10月31日左右結束，取決於慣例條件，Craig-Hallum將擔任置放代理。
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According to data from Benzinga Pro, APDN has a 52-week high of $22.80 and a 52-week low of $0.18.
根據Benzinga Pro的數據，APDN的52周最高價爲22.80美元，52周最低價爲0.18美元。
譯文內容由第三人軟體翻譯。