Acumen Pharmaceuticals Commence Public Offering Of $100M Of Shares Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
Acumen Pharmaceuticals is planning a public offering of $100M of its common stock, with an option for underwriters to purchase an additional $15M. The proceeds will be used to fund the Phase 2 trial of ACU193, other R&D activities, and for working capital and other corporate purposes.
July 17, 2023 | 8:55 pm
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Acumen's public offering could potentially impact its stock price. The funds raised will be used for R&D and corporate purposes, which could lead to future growth.
Public offerings often lead to short-term stock price volatility. However, the funds raised will be used for R&D and corporate purposes, which could potentially lead to future growth and positively impact the stock price in the long term.
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