Late Tuesday, Axsome Therapeutics Announced Proposed Public Offering of Common Stock; Amount Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Axsome Therapeutics has announced a proposed public offering of its common stock. The amount of the offering has not been disclosed.
June 28, 2023 | 8:16 am
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NEGATIVE IMPACT
Axsome Therapeutics' proposed public offering of common stock could dilute existing shares, potentially leading to a short-term decrease in stock price.
Public offerings often lead to share dilution, which can decrease the value of existing shares. This could potentially lead to a short-term decrease in Axsome Therapeutics' stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100