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BCDA - BioCardia Inc News Story

$4.02 0.0  0.2%

Last Trade - 6:05pm

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
    ** Co sells ~2 mln shares worth $10.5 mln in registered
direct offering*: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*: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*:nGNXbK2Lvw
    ** BCDA said early Mon it anticipates data safety monitoring
board (DSMB) feedback soon for its heart failure treatment study*:nGNX6NQd4F

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
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