Neptune Wellness Solutions shares are trading lower after the company announced pricing of a $4.5 million public offering of 1.8 million shares at $2.50 per share.
Portfolio Pulse from Benzinga Newsdesk
Neptune Wellness Solutions has announced the pricing of a $4.5 million public offering of 1.8 million shares at $2.50 per share. This has led to a decrease in the company's share price.
September 22, 2023 | 1:28 pm
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Neptune Wellness Solutions' share price is trading lower following the announcement of a $4.5 million public offering of 1.8 million shares at $2.50 per share.
The announcement of a public offering usually leads to a decrease in the share price as it dilutes the value of existing shares. In this case, Neptune Wellness Solutions' shares are trading lower following the announcement of a $4.5 million public offering.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100