Why Vicarious Surgical Shares Are Getting Hammered
Portfolio Pulse from Henry Khederian
Vicarious Surgical Inc's shares are trading lower by 8.5% after the company priced a $45 million offering. The company priced its underwritten public offering of 45 million shares of Class A common stock at $1.00 per share. The offering is scheduled to close on August 7, 2023. Morgan Stanley & Co. and Cowen and Company are the joint book-running managers for the offering.
August 07, 2023 | 2:45 pm
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Vicarious Surgical's stock price is experiencing a downward trend following the announcement of a $45 million offering.
The company's decision to price a $45 million offering has led to a decrease in the stock price. This is likely due to the dilution of shares, which can lead to a decrease in the stock's value. The offering is scheduled to close on August 7, 2023, which could potentially lead to further fluctuations in the stock price.
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IMPORTANCE 80
RELEVANCE 100