Biolase Hits 52-Week Low of 7 Cents After Offering Prices

marketwatch

2023-05-25

By Josh Beckerman

Shares of dental-laser company Biolase were recently down 41%, to 8 cents, with the stock hitting a 52-week low of 7 cents Wednesday, following the pricing of a $4.5 million offering of units.

The 52-week high of $5.94 took place on Aug. 12.

Each unit consists of a Series H convertible preferred share and a warrant to buy half of a preferred share.

Biolase said May 4 that it planned to offer units. The next day, shares declined 25%, to 20 cents.

Write to Josh Beckerman at josh.beckerman@wsj.com

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The next day, shares declined 25%, to 20 cents.</p><pre></pre> <p>Write to Josh Beckerman at josh.beckerman@wsj.com</p><pre></pre> </div> </div></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.marketwatch.com/story/biolase-hits-52-week-low-of-7-cents-after-offering-prices-b5c55114?mod=newsviewer_click\">marketwatch</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.marketwatch.com/story/biolase-hits-52-week-low-of-7-cents-after-offering-prices-b5c55114?mod=newsviewer_click","article_id":"2338904858","we_media_id":null,"thumbnails":["https://images.mktw.net/im-787245?size=1.777777777777778&width=220 220w"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2338904858","pubTimestamp":1684946640,"columns":[],"sourceInfo":{"source_id":"mwatch_stock","name":"Market Watch"},"weMediaInfo":null,"summary":"By Josh Beckerman Shares of dental-laser company Biolase were recently down 41%, to 8 cents, with the stock hitting a 52-week low of 7 cents Wednesday, following the pricing of a $4.5 million offering of units. 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