@KrisPatel99 @Timothy38296021 @mwscott004@ssankar Kris -- Would love to understand your math in this statement. With the $100M cost reduction announced and burn rate expected below $20M a month, cash and equivalents of $186M at the end of Q2, $80M PIPE announced today and sale process for Meritage, how 2 months?
Babylon (BBLN, $BBLN) announced it is raising additional capital via a PIPE and expect to close by November 3. A total of $80m is expected to be raised, with $61m committed thus far.
Last week it announced its inten... https://t.co/tZn2mBEktB
Babylon (BBLN, $BBLN) has announced today its PIPE transaction for raising additional capital and last week its intent to sell its Meritage Medical business. These two should generate sufficient capital to fund Babylon's growth for the next few years to profitability.
Babylon (BBLN, $BBLN) announced it is raising additional capital via a PIPE and expect to close by November 3. A total of $80m is expected to be raised, with $61m committed thus far.
https://t.co/uNPjD6XSXy
@ruskin147 No. Babylon shareholders approved a reverse stock split before the company was even notified of the price issue. We expect the reverse split to be completed in Q4.
@bhargav_g2002 On $BBLN and further refuting the asserts you are propagating, BBLN US employee options were at $1.42, so all stock options are underwater, and another unlikely source of selling pressure.
@bhargav_g2002 I think everyone knows that ALL employees of Babylon were locked up from selling ANY shares between March 15, 2022 and May 15, 2022. Eight out of 12 weeks of each quarter ALL employees and leadership are locked up. The truth is that the drop was NOT from employees of Babylon!
$BBLN -- Babylon Health - Just a reminder that today at 1PM ET the "Ask the CEO" event is happening. If you have questions, email to [email protected] and to attend, see the registration link below.
https://t.co/QI3ajRO0HF
$BBLN -- Babylon Again Delivers Strong Performance with Record Margins for Second Quarter 2022
β’ Second quarter revenue grew 4.6x year-over-year to $265.4 million
β’ U.S. value-based care members grew by 220% year-o... https://t.co/zJIjeNJUYw