Biote Announces Pricing Of 5,217,392 Share Secondary Offering By Stockholders At $5.35/Share
Portfolio Pulse from Benzinga Newsdesk
Biote announces a secondary offering of 5,217,392 shares by stockholders at $5.35 per share.
June 05, 2023 | 11:54 am
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Biote's secondary offering of 5,217,392 shares at $5.35 per share may impact BTMD's stock price.
The secondary offering of 5,217,392 shares at $5.35 per share may lead to a dilution of existing shares, which could negatively impact BTMD's stock price in the short term. The increased supply of shares may also put downward pressure on the stock price.
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