Acumen Pharmaceuticals Upsizes Its Previously Announced Offering To $130M From $100M, Pricing 16,774,193 Shares Offering At $7.75/Share
Portfolio Pulse from Benzinga Newsdesk
Acumen Pharmaceuticals has increased its previously announced offering from $100M to $130M, pricing 16,774,193 shares at $7.75 per share.
July 19, 2023 | 5:09 am
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Acumen Pharmaceuticals' upsized offering could lead to a dilution of existing shares, potentially impacting the stock price.
Acumen Pharmaceuticals' decision to increase its offering from $100M to $130M means more shares will be issued. This could dilute the value of existing shares, potentially leading to a decrease in the stock price in the short term.
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