Medavail Holdings Filed Prospectus Relating To Offer From Time To Time By Selling Stockholders Of Up To 99.6M Shares Of Common Stock
Portfolio Pulse from Charles Gross
Medavail Holdings has filed a prospectus relating to an offer from time to time by selling stockholders of up to 99.6 million shares of common stock.
June 29, 2023 | 9:29 pm
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NEGATIVE IMPACT
Medavail Holdings' filing of a prospectus for the sale of up to 99.6 million shares of common stock could potentially dilute the value of existing shares.
The filing of a prospectus for the sale of a large number of shares often leads to a dilution of the value of existing shares. This is because the increase in supply of shares can exceed demand, leading to a decrease in share price. Therefore, this news could potentially have a negative impact on the short-term price of Medavail Holdings' shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100