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Why Mind Medicine (MindMed) Stock Is Crashing Today

Why Mind Medicine (MindMed) Stock Is Crashing Today

Shares of Mind Medicine (NASDAQ: MNMD), also known as MindMed, had crashed by 49.3% as of 12:08 p.m. ET Wednesday. The steep decline came after the clinical-stage biopharmaceutical company announced the pricing of its latest public offering. MindMed plans to sell 7,058,823 common shares along with warrants to purchase 7,058,823 common shares.