Checkpoint Therapeutics Announces $10M Registered Direct Offering Priced At-the-Market
Portfolio Pulse from Benzinga Newsdesk
Checkpoint Therapeutics has announced a $10 million registered direct offering priced at-the-market. This move is expected to provide the company with additional capital for its operations.
July 31, 2023 | 12:08 pm
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NEUTRAL IMPACT
Checkpoint Therapeutics' stock may be impacted by the announcement of a $10 million registered direct offering priced at-the-market.
The announcement of a registered direct offering often leads to a short-term decrease in a company's stock price due to the dilution of shares. However, in the long term, this move can provide the company with the necessary capital for growth and expansion, which could potentially lead to an increase in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100