Ginkgo Bioworks Holdings Files For Resale Of Up To 5.3M Shares Of Class A Common Stock By Selling Securityholder
Portfolio Pulse from Benzinga Newsdesk
Ginkgo Bioworks Holdings has filed for the resale of up to 5.3 million shares of Class A common stock by a selling security holder.
August 23, 2023 | 8:36 pm
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Ginkgo Bioworks Holdings, listed as DNA, has filed for the resale of up to 5.3 million shares of Class A common stock. This could potentially dilute the value of existing shares.
The filing for resale of up to 5.3 million shares of Class A common stock by Ginkgo Bioworks Holdings could lead to a dilution of the value of existing shares. This is because the increase in the number of shares available in the market could potentially lower the price per share, assuming demand remains constant. Therefore, this news is likely to have a negative impact on the stock price in the short term.
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