Clene shares are trading lower after the company announced pricing of a $40 million public offering.
Portfolio Pulse from Benzinga Newsdesk
Clene announced the pricing of a $40 million public offering, causing its shares to trade lower.
June 16, 2023 | 1:11 pm
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Clene's stock price is trading lower after announcing a $40 million public offering.
The announcement of the $40 million public offering has led to a decrease in Clene's stock price. This is because the offering dilutes the value of existing shares, causing the stock price to drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100