Why Biocept, Inc. Stock Is Plunging Today [The Motley Fool]
Biocept, Inc. (BIOC)
Last biocept, inc. earnings: 3/28 04:05 pm
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US:NASDAQ Investor Relations:
ir.biocept.com/investor-relations
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Source: The Motley Fool
Shares of the small molecular diagnostics specialist took a beating after it announced an infrequently used method to raise cash. Keith Speights ( TMFFishBiz ) Jul 12, 2018 at 12:26PM What happened Shares of small molecular diagnostics company Biocept, Inc. ( NASDAQ:BIOC ) are plummeting today, down 21.5% as of 11:53 a.m. EDT, following its announcement of a proposed rights offering . The decline marked a quick change of direction after Biocept's share price more than doubled on Wednesday. Biocept stated that stockholders and warrant holders of record as of July 23, 2018, will receive one subscription right for each share of common stock owned or each warrant owned. Each subscription right allows the holder to purchase one unit at a price tag of $1,000 per unit. Each unit consists of one share of Series A convertible preferred stock (which coul
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