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Why is Portage Biotech Inc (PRTG) Stock down?

29 Sep, 2023:

Portage Biotech Inc. (PRTG) fell 7.52% to $2.09 after entering into a definitive agreement for the purchase and sale of 3.16 million shares of common stock at a purchase price of $1.90 per share.

https://seekingalpha.com/news/4016685-portage-biotech-announces-6m-registered-direct-offering

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