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Petros Pharmaceuticals Announces Pricing of $9.6 Million Public Offering of Common Stock and Warrants

1. PTPI prices a public offering of approximately 40 million shares at $0.24 each. 2. Each share comes with two types of warrants, potentially increasing shareholder interest.

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FAQ

Why Bearish?

Public offerings usually dilute existing shares, which can depress stock prices. Past examples, like during significant capital raises, have shown similar bearish reactions.

How important is it?

The offering price and warrants may influence investor sentiment and trading strategies. Such structures can make stocks more appealing to certain investors while concerning others about dilution.

Why Short Term?

Immediate dilution effects are likely to be observed shortly after the offering. Historical trends indicate quick price adjustments during public offerings.

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PTPI
NEW YORK, NY / ACCESS Newswire / February 18, 2025 / Petros Pharmaceuticals, Inc. (NASDAQ:PTPI) ("Petros" or the "Company"), a company focused on expanding consumer access to medication through over-the-counter ("OTC") drug development programs, today announces the pricing of a public offering of approximately 40,000,000 shares of the Company's common stock ("Common Stock"), par value $0.0001 per share (or pre-funded warrants in lieu thereof), with each share of Common Stock (or pre-funded warrant) accompanied by (i) a Series A Warrant to purchase 0.25 share of Common Stock at an exercise price of $0.48 per 0.25 share ("Series A Warrant") and (ii) a Series B Warrant to purchase one (1) share of Common Stock at an exercise price of $0.48 per share ("Series B Warrant"). The combined public offering price of each share of Common Stock together with the accompanying Series A Warrant and Series B Warrant is $0.24, and the combined public offering price of each pre-funded warrant together with the accompanying Series A Warrant and Series B Warrant is $0.2399, which represents the per share offering price for the Common Stock less the $0.0001 per share exercise price for each pre-funded warrant.

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