Cybin Launches Overnight Marketed Public Offering Of Units
Portfolio Pulse from Benzinga Newsdesk
Cybin Inc. has announced an overnight marketed public offering of units. The company has not disclosed the number of units or the price per unit.
August 01, 2023 | 5:11 am
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NEUTRAL IMPACT
Cybin Inc. has launched an overnight marketed public offering of units. The impact on the stock price will depend on the details of the offering, which have not been disclosed yet.
Public offerings often lead to a dilution of shares, which can negatively impact the stock price. However, the details of the offering, such as the number of units and the price per unit, which can significantly influence the impact on the stock price, have not been disclosed yet.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100