Bone Biologics slumps 50%, prices $5M offering
- Bone Biologics (NASDAQ:BBLG) prices an underwritten public offering of ~2.54M shares at a price to the public of $1.97 per share.
- Aggregate gross proceeds of ~$5M.
- Underwriters have a 45 days option to purchase up to an additional 253,807 shares.
- The offering is expected to close on or about June 16, 2023.
- The stock price has dropped 50% to $3.93 over on Thursday pre-market.