The short sellers gift: offering. BPTH just threw in offering for 600k shares at 2,6 price. Heavy dump on news, looking for shorts now on pops and on A grade weakness.
QuoteDislikedBio-Path Holdings announces $1.7M registered direct offering Bio-Path Holdings announced that it has entered into definitive agreements with several healthcare focused institutional investors for the issuance and sale of 648,302 shares of its common stock, at a purchase price per share of $2.65, for aggregate gross proceeds of approximately $1.7M, in a registered direct offering priced at-the-market. Additionally, in a concurrent private placement, Bio-Path has also agreed to issue to such investors unregistered warrants to purchase up to 324,151 shares of common stock. The offerings are expected to close on or about January 23, subject to the satisfaction of customary closing conditions. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offerings.
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