Curis shares are trading lower after the company announced a $15.1 million registered direct offering.
Portfolio Pulse from Benzinga Newsdesk
Curis has announced a $15.1 million registered direct offering, leading to a decrease in its share prices.
July 06, 2023 | 12:29 pm
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Curis' announcement of a $15.1 million registered direct offering has resulted in a decrease in its share prices.
The announcement of a registered direct offering often leads to a decrease in share prices as it implies an increase in the number of shares, diluting the value of existing shares. This is likely the reason for the drop in Curis' share prices.
CONFIDENCE 90
IMPORTANCE 80
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