Cingulate Prices 6,925,208 Share Offering At $0.5776 Per Share
Portfolio Pulse from Bill Haddad
Cingulate Therapeutics has priced its offering of 6,925,208 shares at $0.5776 per share.

September 11, 2023 | 1:23 pm
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Cingulate Therapeutics has announced a share offering of 6,925,208 shares at $0.5776 per share, which may dilute existing shares.
Share offerings often lead to dilution of existing shares, which can negatively impact the stock price in the short term. As Cingulate Therapeutics is directly involved, the relevance is high. The importance is also significant as it directly affects shareholders' equity.
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IMPORTANCE 80
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