Home Trending Stocks Baudax Bio Inc. (BXRX) stock plunged during pre-market session. What’s happening?

Baudax Bio Inc. (BXRX) stock plunged during pre-market session. What’s happening?

Baudax Bio Inc. (NASDAQ: BXRX) stock declined by 1.85% at the last close while the BXRX stock price continues to fall by 6.31% in the pre-market trading session. Baudax Bio is a pharmaceutical firm specializing in the development and commercialization of novel medications for use in acute care settings. In mid-2020, Baudax Bio introduced its first commercial product, ANJESO.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Important Development in BXRX

BXRX stated on May 31, 2021, that it has reached a formal deal with a group of institutional investors for the acquisition and sale of 14,028,520 shares of common stock. Also included are warrants to acquire up to 14,028,520 shares of common stock at a price of $0.85 per share in a registered direct offering, as well as an associated warrant.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Read More

The warrants, which have an exercise price of $0.90 per share, will become effective on the later of:

  • The six-month anniversary of the offering’s closing date.
  • The day on which Baudax Bio shareholders approved an increase in the number of Baudax Bio’s authorized common stock shares, which will expire on December 1, 2026. The offering is scheduled to close on or around June 1, 2021, given the fulfillment of normal closing conditions.

Furthermore,

H.C. Wainwright & Co. is serving as the offering’s official placement agent.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

The overall revenues from the transaction are projected to be around $11.9 million for Baudax Bio. Baudax Bio also anticipates to receive about $12.6 million in additional gross proceeds if the warrants are fully exercised for cash. However, there is no guarantee that the warrants will be exercised in full or in part before they expire. The gross proceeds from the transaction will be used by Baudax Bio for the commercialization of ANJESO, pipeline development operations, and other corporate purposes.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Tyme Technologies, Inc. (TYME) Stock Trends downwards Following Strong Q4 2021 Financials and Progress in OASIS Trial

Tyme Technologies, Inc. (TYME) stock prices was down by -6.92% shortly after market trading commenced on June 11th, 2021, bringing the price per share...

Prophase Labs Inc. (PRPH) stock surged during pre-market trading session. Let’s figure out why?

Prophase Labs Inc. (NASDAQ: PRPH) stock soared by 5.87% at last close as well as the PRPH stock price has been observed rising by...

Why Surgalign Holdings, Inc. (SRGA) stock is gloomy today?

Surgalign Holdings, Inc. (SRGA) stock announced the $50 million registered direct offering priced at the market under Nasdaq rules today on June 10, 2021,...

Exela Technologies Inc. (XELA) stock soars during pre-market. Here’s what you should know?

Exela Technologies Inc. (NASDAQ: XELA) stock gained by 8.28% at last close while the XELA stock price rises in the pre-market as well, by...

Atossa Therapeutics, Inc. (ATOS) stock gains during pre-market trading. Here’s to know why?

Atossa Therapeutics, Inc. (NASDAQ: ATOS) stock declined by 27.51% at the last close while the ATOS stock price rises further by 9.09% in the...

Magnachip Semiconductor Corporation (MX) stock is Popping High today: Why is it so?

Shares of the Magnachip Semiconductor Corporation (MX) stock were popping high after the announcement of its receival of unsolicited buyout bid from Cornucopia Investment...

Why is Autolus Therapeutics plc (AUTL) stock rising today?

Shares of  Autolus Therapeutics plc (AUTL) stock were rising today on June 11, 2021, following the release of the presentation data related to obe-cel...

Mustang Bio, Inc. (MBIO) stock is climbing today: Here is to know why.

Mustang Bio, Inc. (MBIO) stock announced the updated interim data from Phase 1/2 clinical trial of its MB-106 CD20-targeted, autologous CAR T today on...

Related News

Tyme Technologies, Inc. (TYME) Stock Trends downwards Following Strong Q4 2021 Financials and Progress in OASIS Trial

Tyme Technologies, Inc. (TYME) stock prices was down by -6.92% shortly after market trading commenced on June 11th, 2021, bringing the price per share...

Prophase Labs Inc. (PRPH) stock surged during pre-market trading session. Let’s figure out why?

Prophase Labs Inc. (NASDAQ: PRPH) stock soared by 5.87% at last close as well as the PRPH stock price has been observed rising by...

Why Surgalign Holdings, Inc. (SRGA) stock is gloomy today?

Surgalign Holdings, Inc. (SRGA) stock announced the $50 million registered direct offering priced at the market under Nasdaq rules today on June 10, 2021,...

Exela Technologies Inc. (XELA) stock soars during pre-market. Here’s what you should know?

Exela Technologies Inc. (NASDAQ: XELA) stock gained by 8.28% at last close while the XELA stock price rises in the pre-market as well, by...

Atossa Therapeutics, Inc. (ATOS) stock gains during pre-market trading. Here’s to know why?

Atossa Therapeutics, Inc. (NASDAQ: ATOS) stock declined by 27.51% at the last close while the ATOS stock price rises further by 9.09% in the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam