Verrica Pharmaceuticals shares are trading lower after the company announced non-binding term sheet for up to $125 million debt financing.
Portfolio Pulse from Benzinga Newsdesk
Verrica Pharmaceuticals has announced a non-binding term sheet for up to $125 million in debt financing. This has led to a decrease in the company's share price.

July 24, 2023 | 12:45 pm
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Verrica Pharmaceuticals' shares are trading lower after the company announced a non-binding term sheet for up to $125 million in debt financing.
The announcement of a non-binding term sheet for up to $125 million in debt financing has led to a decrease in Verrica Pharmaceuticals' share price. This is likely due to investor concerns about the company's increased debt load and the potential dilution of shares.
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