Avinger Has Raised Gross Proceeds Of Approximately $5.3M Through Its At-the-market, Selling An Aggregate Of 596,200 Shares At A Weighted Average Price Of $8.97
Portfolio Pulse from Benzinga Newsdesk
Avinger has raised approximately $5.3M through its at-the-market offering, selling an aggregate of 596,200 shares at a weighted average price of $8.97.
September 27, 2023 | 12:10 pm
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NEGATIVE IMPACT
Avinger's recent capital raise through its at-the-market offering could potentially dilute existing shareholders' equity.
Avinger's capital raise through its at-the-market offering increases the number of shares in circulation, which could dilute the value of existing shares. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100