UroGen Pharma Ltd Files For Offering Of Up To 12.6M Shares Of Common Stock By The Selling Shareholders
Portfolio Pulse from Benzinga Newsdesk
UroGen Pharma Ltd has filed for an offering of up to 12.6 million shares of common stock by the selling shareholders, according to an SEC filing.
September 08, 2023 | 8:19 pm
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UroGen Pharma Ltd's filing for an offering of up to 12.6 million shares could potentially dilute existing shareholders' equity, which may negatively impact the stock price in the short term.
When a company issues additional shares, it can dilute the value of existing shares if the demand doesn't match the increased supply. This can lead to a decrease in the stock price. Given that UroGen Pharma is directly issuing these shares, the impact on its stock price could be significant.
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