Caribou Biosciences Plans Proposed Public Offering Of $100M Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Caribou Biosciences plans to offer $100M of its common stock in a public offering. The company also intends to grant underwriters a 30-day option to purchase up to an additional $15M of shares at the public offering price, less underwriting discounts and commissions. The completion and terms of the offering are subject to market and other conditions.
July 13, 2023 | 8:04 pm
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Caribou Biosciences' proposed public offering of $100M of common stock could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a short-term decrease in stock price. However, the actual impact will depend on market conditions and investor response to the offering.
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