Tarsus Pharmaceuticals Announces Pricing Of $100M Underwritten Public Offering Of 5,714,285 Shares Of Common Stock At $17.50/Share
Portfolio Pulse from Benzinga Newsdesk
Tarsus Pharmaceuticals has announced the pricing of its $100M underwritten public offering of 5,714,285 shares of common stock at $17.50 per share.
August 04, 2023 | 10:40 am
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NEUTRAL IMPACT
Tarsus Pharmaceuticals' stock may be impacted by the announcement of its $100M underwritten public offering of common stock.
The announcement of a public offering can have a variety of impacts on a company's stock. It could lead to a decrease in stock price due to dilution of shares. However, it could also be viewed positively if the funds raised are used for growth or debt reduction, potentially leading to an increase in stock price. The exact impact on Tarsus Pharmaceuticals' stock is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100