SeaStar Medical tumbles on $10 mln stock offering

SeaStar Medical Holding

10/07/2024 16:05

** Shares of pharmaceutical firm SeaStar Medical Holding
 ICU.O  slump 34% to $8.57
    ** Company to raise nearly $10 mln via stock offering
    ** Deal priced at $10.55/shr — a 19% discount to ICU's last
close
    ** Also sells warrants to purchase 947,868 shares
    ** Company is developing a therapy to reduce consequences of
hyper-inflammation on vital organs
    

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))