$NOVN - What does this voting result mean for Novan's ability to raise additional funds through their stock? - Answer: This question is important in order to understand Novan‘s options for collecting additional funds. First of all, this voting result means that the company has fewer shares available for lucrative transactions. So in order to be able to generate profit from the still available shares, these must be sold carefully and at a higher execution price in order to be able to draw sufficient capital from them at all. Furthermore, this leads to a process that investors not only appreciate very much, but have also wished: Since the amount of authorized shares is now 200M, there is no longer any too dangerous dilution of the market cap. The share rises in value. Novan now has to resort to alternative financing strategies (keyword: HC Wainwright).
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