Cogent Biosciences Announces Proposed $125M Public Offering of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Cogent Biosciences announced a proposed $125 million public offering of its common stock. The proceeds will be used for general corporate purposes, including research and development.

June 06, 2023 | 8:13 pm
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Cogent Biosciences' proposed $125 million public offering of common stock may impact its stock price in the short term.
Cogent Biosciences' announcement of a $125 million public offering of common stock may have a short-term impact on its stock price. The offering could lead to dilution of existing shares, which may cause the stock price to fluctuate. However, the proceeds will be used for general corporate purposes, including research and development, which could have a positive long-term impact on the company's growth and stock price.
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