NeuroOne Medical dives on deep-discounted stock offering

Neuroone Medical Technologies

13/10/2021 13:28

** NeuroOne Medical Technologies  NMTC.O  shares ~25%
premarket after co prices follow-on
    ** Co focused on treating neurological disorders sells 3.75
mln shares at $3.20, raises $12 mln for working capital, general
corp purposes  urn:newsml:reuters.com:*:nPn50lqKka
    ** Offering prices at ~22% discount to stock's last close
    ** NMTC has 12 mln shares outstanding and ~10.4 mln of
public float, per Refinitiv data
    ** Craig-Hallum sole bookrunner for offering
    ** Shares down 12.5% YTD and well off their 2021 peak
of$13.50 hit in early Feb

 (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))