Vaxart Announces Proposed Public Offering Of Up To Additional 15% Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Vaxart announces a proposed public offering of up to an additional 15% of its common stock. This move aims to raise capital for the company.
June 06, 2023 | 8:02 pm
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Vaxart's proposed public offering of up to 15% additional common stock may dilute existing shares, potentially impacting the stock price.
Vaxart's announcement of a proposed public offering of up to an additional 15% of its common stock may lead to dilution of existing shares. This dilution could result in a decrease in the stock price as the value of each share is reduced. Additionally, the market may perceive this move as a sign of financial weakness, further impacting the stock price negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100