Scilex Holding Filed For Offering Of Up To 13.3M Shares Of Common Stock
Portfolio Pulse from Charles Gross
Scilex Holding Company has filed for an offering of up to 13.3 million shares of common stock. The details of the offering can be found in the SEC filing.
July 13, 2023 | 10:08 am
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Scilex Holding Company's filing for an offering of up to 13.3 million shares of common stock could dilute existing shareholders' equity.
The offering of new shares by Scilex Holding Company could lead to a dilution of existing shareholders' equity. This is because the number of shares outstanding will increase, potentially reducing the value of existing shares. This could lead to a negative short-term impact on the stock price.
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