Belite Bio, Inc. ADR (BLTE) has released an update.
Belite Bio, Inc. has presented an inducement offer to its warrant holders, allowing them to exercise their existing warrants for ordinary shares at a price of $44.14 per share. Additionally, the company is offering new unregistered warrants, exercisable at $70.00 per share, valid for five years. This strategic move could potentially increase shareholder value and attract attention from investors interested in equity opportunities.
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