BioCardia Inc logo

BCDA - BioCardia Inc News Story

$4.02 0.0  0.2%

Last Trade - 6:05pm

Sector
Healthcare
Size
Micro Cap
Market Cap £47.7m
Enterprise Value £32.1m
Revenue £106k
Position in Universe 5462nd / 6841

BUZZ-BioCardia: Third equity raise this week dents stock

Wed 16th December, 2020 2:26pm
** BioCardia Inc  BCDA.O  shares down ~8% at $6.16 premarket
after medical device prices third equity offering in as many
days
    ** Co sells ~2 mln shares worth $10.5 mln in registered
direct offering  urn:newsml:reuters.com:*:nGNX84r63Q
    ** Purchase price of $5.15 represents 23% discount to
stock's last close
    ** BCDA shares jumped ~50% on Tues as co priced $8.5 mln
registered direct offering at $4.75  urn:newsml:reuters.com:*:nL4N2IV359, and surged
~59% on Mon as it raised $8.5 mln in another offering, also at
$4.75, and with A.G.P. Alliance Global Partners again as sole
placement agent  urn:newsml:reuters.com:*:nGNXbK2Lvw
    ** BCDA said early Mon it anticipates data safety monitoring
board (DSMB) feedback soon for its heart failure treatment study
 urn:newsml:reuters.com:*:nGNX6NQd4F

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.