Biohaven Commences Public Offering Of $200M Of Its Common Shares
Portfolio Pulse from Benzinga Newsdesk
Biohaven has started a public offering of $200M of its common shares. The company also plans to give the underwriter a 30-day option to buy up to an additional $30M of common shares. The proceeds from the offering will be used for general corporate purposes.
October 02, 2023 | 8:38 pm
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Biohaven's public offering of $200M of its common shares could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a decrease in the stock's price. However, the proceeds from the offering could strengthen the company's financial position in the long term.
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