Mesoblast (MESO) has released an update.
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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.