Clene Announces Pricing of $40M Public Offering Of 50M Shares At $0.80/Share
Portfolio Pulse from Benzinga Newsdesk
Clene Inc. has announced the pricing of its $40 million public offering of 50 million shares at $0.80 per share.
June 16, 2023 | 12:04 pm
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Clene Inc. has priced its public offering of 50 million shares at $0.80 per share, raising $40 million.
The announcement of Clene's public offering at $0.80 per share may lead to a short-term negative impact on the stock price, as the market may perceive the offering as dilutive. Additionally, the pricing is lower than the current market price, which could put downward pressure on the stock.
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