Bright Minds Biosciences Inc (DRUG)

[tennecvol75]

As I see it, purchasers (last week) of the $1.40 unit offering were receiving one share of the company while regular shareholders were purchasing one share for $3.00 to 4.00. In addition, unit purchasers are entitled to buy another share for the next 2 years at $1.76 per share by exercising the warrant. The stock could go to $50.00 per share and they would still be able to buy an identical share at $1.76 until August 30, 2024. I do not see how the price of the units could already be factored into the current share price. Therefore, the share price drops as we see today.