Mesoblast (MESO) has released an update.

Mesoblast Limited has issued 2 million unquoted warrants as part of a US$50 million convertible note facility, which the company can utilize following FDA approval. Each warrant can convert into one ordinary share or into American Depositary Receipts at a specified exchange rate. This strategic move aims to bolster Mesoblast’s financial flexibility and potential market positioning.

For further insights into MESO stock, check out TipRanks’ Stock Analysis page.

Trending Articles

• Shareholder Alert for WM Technology Inc. (NASDAQ:MAPS)

• Class Action Lawsuit Against Domino’s Pizza, Inc. (NYSE:DPZ)

• 3 Penny Stocks to Watch Now, 11/24/24