Published on 29 Dec 2023 on Benzinga
Fortress Biotech Inc FBIO shares are trading lower by over 18% after it announced the pricing of a $11 million registered direct offering.
The company entered a deal for the issuance and sale of 3.30 million common shares and warrants to purchase up to 3.30 million shares of common stock at a combined offering price of $3.33 per share and accompanying warrant priced at-the-market under Nasdaq rules.