HomePress CoverageWhy Miromatrix Medical Shares Drop 40% - Miromatrix Medical...

Why Miromatrix Medical Shares Drop 40% – Miromatrix Medical…

Miromatrix Medical Inc MIRO Shares traded 42.41% lower at $1.42 after the company announced pricing for a $10 million public offering of common stock.

What happened: The pricing of the underwritten public offering of 6,250,000 common shares at a public price of $1.60 per share, before the assumption of rebates and commissions.

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The offering is expected to close on March 10, subject to customary closing conditions. Miromatrix has also granted the underwriters a 30-day option to purchase up to 937,500 additional common shares at the public offering price, less subscription discounts and commissions.

According to data from Gasoline ProMIRO has a 52-week high of $5.29 and a 52-week low of $1.40.

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