Baudax Bio falls on $2 mln equity offering

Baudax Bio

18/05/2022 12:41

** Pharmaceutical company's shares  BXRX.O  down 24% at
$0.90 premarket
    ** BXRX announces $2 mln equity offering
    ** Equity offering part of agreement with certain
institutional investors for issuance of 1.6 mln shares at
$1.215/shr  urn:newsml:reuters.com:*:nGNX3zcZ5T
    ** Baudax Bio has 6.4 mln shares outstanding - Refinitiv
data
    ** Company's shares down 85% YTD, up to last close

 (Reporting by Leroy Leo in Bengaluru)
 ((Leroy.Dsouza@thomsonreuters.com; Twitter: https://twitter.com/LeroyLeo7))