Profound Medical Initiates Up To $30M At-The-Market Offering
Portfolio Pulse from Benzinga Newsdesk
Profound Medical has initiated an at-the-market offering of up to $30 million. The company plans to use the proceeds for general corporate purposes.
September 07, 2023 | 5:35 am
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Profound Medical's at-the-market offering of up to $30 million could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
At-the-market offerings often lead to dilution of existing shareholders' equity, which can result in a decrease in the stock's price. As the news directly pertains to Profound Medical, it is highly relevant and important for investors.
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