Myomo Priced Its Public Offering Of 7.3M Shares At $0.60 Per Share For Gross Proceeds Of Approximately $4.4M
Portfolio Pulse from Benzinga Newsdesk
Myomo has priced its public offering of 7.3 million shares at $0.60 per share, expecting to raise gross proceeds of approximately $4.4 million.
August 25, 2023 | 11:01 am
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Myomo's public offering of 7.3 million shares at $0.60 per share 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 that Myomo is directly involved in this news, the relevance is high. The importance is also significant as it directly affects the company's financial structure and could impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100