Vaccinex Filed For Shelf Of Up To 3.8M Shares Of Common Stock By Selling Stockholders
Portfolio Pulse from Charles Gross
Vaccinex has filed for a shelf offering of up to 3.8 million shares of common stock by selling stockholders.
June 14, 2023 | 9:06 pm
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Vaccinex filed for a shelf offering of up to 3.8 million shares of common stock by selling stockholders, which may impact VCNX's stock price.
The filing for a shelf offering of up to 3.8 million shares by selling stockholders may lead to an increase in the supply of VCNX shares in the market. This could potentially put downward pressure on the stock price in the short term, as the market absorbs the additional shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100