PolarityTE Inc: Falls on discounted stock offering

RegenETP,

12/01/2021 15:30

** Shares  PTE.O  of regenerative tissue developer fall as
much as 15.2% to $1.06; stock on track to post biggest one-day
pct loss in more than a month
    ** PTE announces $10 million registered direct offering
 urn:newsml:reuters.com:*:nBw8VBwsQa 
    ** PTE says the deal provides for purchase and sale of 9.1
mln shares of co's common stock
    ** PTE says each share of common is being sold together with
one warrant to purchase 1 share of common stock at combined
purchase price of $1.10, a discount of ~12% to Monday's close
    ** Up to Monday's close, stock had fallen 62% in the past 12
months

 (Reporting by Ankit Ajmera in Bengaluru)
 ((Ankit.Ajmera@thomsonreuters.com))