Applied DNA Sciences Files For Mixed Shelf Of Up To $75M
Portfolio Pulse from Benzinga Newsdesk
Applied DNA Sciences has filed for a mixed shelf offering of up to $75 million, according to an SEC filing.
May 30, 2023 | 8:05 pm
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Applied DNA Sciences filed for a mixed shelf offering of up to $75 million, which may dilute existing shares.
The mixed shelf offering of up to $75 million may lead to dilution of existing shares, potentially causing a short-term negative impact on APDN's stock price. The news is highly relevant and important for investors, and the analysis is based on the SEC filing.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100