DURECT Announces $15M Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
Portfolio Pulse from Benzinga Newsdesk
DURECT Corporation has announced a $15 million registered direct offering priced at-the-market under Nasdaq rules.
July 20, 2023 | 12:08 pm
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NEGATIVE IMPACT
DURECT's announcement of a $15 million registered direct offering could potentially dilute the value of existing shares, impacting the stock price.
Registered direct offerings increase the number of shares in the market, which can dilute the value of existing shares. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100