Lilium shares are trading lower after the company announced pricing of an upsized $192 million offering.
Portfolio Pulse from Benzinga Newsdesk
Lilium has announced the pricing of an upsized $192 million offering, leading to a decrease in its share price.
July 14, 2023 | 12:16 pm
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Lilium's shares are trading lower after the company announced an upsized $192 million offering.
The announcement of an upsized offering typically leads to a decrease in share price as it implies an increase in the number of shares available, which can dilute the value of existing shares. This is likely the reason for the drop in Lilium's share price.
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