Heart Test Laboratories shares are trading lower after a FormS filing yesterday showed that the company disclosed a prospectus for a $50 million offering.
Portfolio Pulse from Benzinga Newsdesk
Heart Test Laboratories has disclosed a prospectus for a $50 million offering, according to a FormS filing. This has led to a decrease in the company's share price.
September 19, 2023 | 7:40 pm
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Heart Test Laboratories' shares are trading lower after the company disclosed a prospectus for a $50 million offering.
The company's decision to raise funds through an offering often leads to a dilution of existing shares, which can result in a decrease in share price. This is likely the reason for the drop in Heart Test Laboratories' share price.
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