OKYO Pharma Announced The Withdrawal Of Its Proposed Public Offering Of Ordinary Shares, The Decision Was Made In Response To Changing Market Conditions
Portfolio Pulse from Benzinga Newsdesk
OKYO Pharma has withdrawn its proposed public offering of ordinary shares due to changing market conditions.
July 31, 2023 | 8:03 am
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NEGATIVE IMPACT
OKYO Pharma's decision to withdraw its proposed public offering could lead to uncertainty among investors, potentially impacting its stock price.
The withdrawal of a proposed public offering often leads to uncertainty among investors as it could signal financial instability or a lack of confidence in the company's prospects. This could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100