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BrianCell Therapeutics drops 10%, prices $30M offering at $5.59 per unit (BCTX:NASDAQ)

  • BriaCell Therapeutics (BCTX) priced a public offering of 5.37M units, with each unit consisting of one common share and one warrant.
  • Each unit is being sold to the public at a price of $5.59 per unit for gross proceeds of ~$30M.
  • The offering is expected to close on January 15, 2026.
  • The company intends to use the net proceeds to fund working capital requirements, general corporate purposes and the advancement of the company’s business objectives.
  • The stock price dropped 9.7% on Tuesday during after-market hours of trading.
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