Belite Bio shares are trading lower after the company announced pricing of a $30 million underwritten public offering of ADSs and warrants.
Portfolio Pulse from Benzinga Newsdesk
Belite Bio announced the pricing of a $30 million underwritten public offering of ADSs and warrants, causing its shares to trade lower.

May 31, 2023 | 12:15 pm
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Belite Bio's stock price is trading lower due to the announcement of a $30 million underwritten public offering of ADSs and warrants.
The announcement of the $30 million underwritten public offering of ADSs and warrants has led to a negative market reaction, causing Belite Bio's stock price to trade lower. This is likely due to the dilution of existing shares and the potential for increased volatility in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100