Cerence shares are trading lower after the company priced an offering of $190 million of convertible senior notes.
Portfolio Pulse from Benzinga Newsdesk
Cerence priced an offering of $190 million of convertible senior notes, causing its shares to trade lower.
June 22, 2023 | 4:24 pm
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Cerence shares are trading lower after pricing a $190 million convertible senior notes offering.
Cerence's decision to price a $190 million convertible senior notes offering has led to a decrease in its share price. This is because the offering dilutes the value of existing shares, making them less attractive to investors.
CONFIDENCE 90
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