Why Is Scorpius (SCPX) Stock Down 79% Today?
SCPXScorpius Holdings(SCPX) Investor Place·2024-08-07 20:44

Scorpius (NYSEMKT:SCPX) stock is taking a beating on Wednesday after the company provided details on a public offering. Scorpius has announced that it will sell 12.5 million shares of SCPX stock in this public offering. The company has also priced these shares at $1 each. That will see it generate gross proceeds of $125 million from this offering. Additionally, underwriters have a 45-day option to acquire another 1.875 million shares of SCPX stock at the offering price. This could provide the company with a ...