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A drill down on the PP!
$NeuroSense Therapeutics (NRSN.US)$ In connection with the offering, NeuroSense agreed to sell an aggregate of 4,000,000 ordinary shares (or ordinary share equivalents) and 8,000,000 warrants to purchase an aggregate of 8,000,000 ordinary shares, at a combined purchase price of $1.25 per share and two accompanying warrants, representing a purchase price of 25% above the closing pricing of NeuroSense's ordinary shares on November 29, 2024. The warrants have a term of five years from the date of issuance and an exercise price of $1.25 per share.
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Wave_Rider : can someone explain why the price is up after this news, stock value will be diluted right?
is it because the to be sold price is higher than the market price?
Trytosaveabit OP Wave_Rider : Because they payed a decent amount more than what it was trading!
Wave_Rider Trytosaveabit OP : thanks for explaining!
Trytosaveabit OP Wave_Rider : You’re welcome! GL