Benitec Biopharma Prices $30M Public Offering ~15.54M Shares Of Its Common Stock And Accompanying Warrants At $1.93
Portfolio Pulse from Benzinga Newsdesk
Benitec Biopharma has priced its $30M public offering of approximately 15.54M shares of its common stock and accompanying warrants at $1.93. The offering is expected to close on August 11, 2023.
August 09, 2023 | 6:14 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Benitec Biopharma's public offering of shares and warrants could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a short-term decrease in stock price. Given the size of the offering, the impact on Benitec Biopharma's stock price could be significant.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100