EMCORE Announces Proposed Public Offering Of Common Stock And, To Certain Investors, Pre-Funded Warrants To Purchase Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
EMCORE Corporation has announced a proposed public offering of its common stock. Additionally, the company plans to offer pre-funded warrants to certain investors to purchase shares of common stock.
August 16, 2023 | 8:04 pm
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EMCORE's announcement of a proposed public offering of its common stock and pre-funded warrants could potentially dilute existing shareholders' equity, which may lead to a short-term decrease in the stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a decrease in the stock price. The impact is more significant if the company is not in a strong financial position or if the market perceives the move as a sign of financial distress.
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