Pacific Biosciences Of California Inc Files For Shelf Of Up To 8.99M Shares By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Pacific Biosciences of California Inc has filed for a shelf of up to 8.99 million shares by selling stockholders, according to an SEC filing.
October 03, 2023 | 8:26 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Pacific Biosciences of California Inc's filing for a shelf of up to 8.99 million shares could potentially dilute the value of existing shares.
The filing for a shelf of up to 8.99 million shares by Pacific Biosciences of California Inc could lead to dilution of the value of existing shares if the new shares are issued. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100