Redhill Biopharma Ltd Files For Stock Shelf Of Up To About 2M ADS By Selling Shareholders
Portfolio Pulse from Happy Mohamed
Redhill Biopharma Ltd has filed for a stock shelf of up to about 2 million American Depositary Shares (ADS) by selling shareholders, according to a SEC filing.
August 04, 2023 | 8:13 pm
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Redhill Biopharma's filing for a stock shelf of up to 2M ADS may dilute existing shareholders' equity, potentially leading to a short-term negative impact on the stock price.
The filing for a stock shelf of up to 2M ADS by Redhill Biopharma could lead to dilution of existing shareholders' equity. This is because the introduction of more shares into the market increases the supply, which could potentially lower the stock price in the short term if demand does not increase proportionately.
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