$23 was a sure thing. GAITHERSBURG, Md., July 13, 2020 (GLOBE NEWSWIRE), Altimmune inc "announced underwritten public offering of 3,369,564 shares of its common stock and, to certain investors in lieu thereof, pre-funded warrants to purchase 1,630,436 shares of its common stock at an exercise price of $0.0001 per share. The public offering price of each share of common stock is $23.00 and the public offering price of each pre-funded warrant is $22.999 per underlying share. In addition, Altimmune has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. This offering is expected to close on or about July 16, 2020, subject to satisfaction of customary closing conditions." - source nasdaq.com
It touched down on 23/share yesterday.
This is why doing the extra bit of research on investor relations and fundamentals really pays.
It touched down on 23/share yesterday.
This is why doing the extra bit of research on investor relations and fundamentals really pays.