BUZZ-ReShape Lifesciences slumps after $6 mln public offering

Reuters

2025/02/18

** Shares of metabolic health solutions firm ReShape Lifesciences RSLS.O fall 57.5% to $1 premarket

** On Saturday, RSLS said it is raising $6 mln through a public offering of shares and warrants

** Co selling ~2.6 mln units, each consisting of one share and one warrant, at $2.33 per unit

** Warrants can be exercised at a price of $5.83 per share, after stockholder approval

** Maxim Group LLC is acting as the sole agent for the offering

** RSLS fell ~71% in 2024

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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