Merus Announces Pricing Of $150M Public Offering Of 6,818,182 Common Shares At $22/Share
Portfolio Pulse from Benzinga Newsdesk
Merus has announced the pricing of its $150M public offering of 6,818,182 common shares at $22 per share.
August 10, 2023 | 7:01 am
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Merus has priced its public offering of common shares at $22 per share, aiming to raise $150M.
The announcement of a public offering can have mixed effects on a company's stock. On one hand, it can dilute existing shares, potentially leading to a decrease in share price. On the other hand, it can also provide the company with additional capital for growth. In this case, the impact on Merus's stock is uncertain in the short term.
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