Pulmatrix Inc (PULM)

[StocktraderDK]

Pulmatrix recently had a DIRECT OFFERING https://finance.yahoo.com/news/pulmatrix-announces-40-million-registered-052400935.html **"**P. today announced that it has entered into definitive agreements with healthcare-focused institutional investors for the purchase and sale of 20,000,000 shares of the Company's common stock, at a purchase price of $2.00 per share, in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about February 16, 2021, subject to the satisfaction of customary closing conditions."

So yeah it's already closed, it was priced AT THE MARKET, it was a direct offering so institutions got in at 2$. No brainer right? At the current price, you have the chance to get in for a better one. But you know what's even more interesting? The offering was made for "healthcare-focused institutional investors"! This is the same bullish sign that I saw when Senseonics had its offering, seeing the interest in this company by healthcare experts made me add on the offering dips.

After this offering, they will have more than 70m in cash. They also receive royalties from partner Sensory Cloud upon sales of FEND, an OTC nasal hygiene product proven to reduce airborne respiratory droplets.