Alzamend Neuro Files For Mixed Shelf Of Up To $25M
Portfolio Pulse from Benzinga Newsdesk
Alzamend Neuro has filed for a mixed shelf offering of up to $25 million, according to an SEC filing.

August 04, 2023 | 12:28 pm
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Alzamend Neuro's filing for a mixed shelf offering of up to $25 million could potentially dilute existing shareholders' equity.
A mixed shelf offering allows a company to issue various types of securities, such as stocks, bonds, or other forms of investment. While this can provide the company with needed capital, it can also dilute the value of existing shares, potentially leading to a decrease in the stock price.
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