bioAffinity Technologies Prices $3.2 Million Offering; Shares Drop 13%

MT Newswires Live

06/17

bioAffinity Technologies (BIAF) shares fell 13% in Wednesday trading after it said it has priced a public offering of 4 million shares of common stock, or pre-funded warrants in lieu thereof, at $0.80 per share for gross proceeds of $3.2 million.

The biotech firm said it expects the offering to close Thursday.

Investors may instead purchase pre-funded warrants at $0.793 each, with each warrant exercisable for one share of common stock.

Price: 0.83, Change: -0.12, Percent Change: -12.22

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