Abeona Therapeutics Announces $25M Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
Portfolio Pulse from Benzinga Newsdesk
Abeona Therapeutics has announced a $25 million registered direct offering priced at-the-market under Nasdaq rules.
July 03, 2023 | 12:46 pm
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NEGATIVE IMPACT
Abeona Therapeutics' announcement of a $25 million registered direct offering could potentially dilute the value of existing shares, impacting the stock price.
A registered direct offering often leads to dilution of existing shares, which can negatively impact the stock price. As this news directly pertains to Abeona Therapeutics, it is highly relevant and important for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100