Disc Medicine Inc May Offer And Sell Shares Of Common Stock Having Aggregate Offering Price Of Up To $59.7M From Time To Time
Portfolio Pulse from Benzinga Newsdesk
Disc Medicine Inc plans to offer and sell shares of common stock with an aggregate offering price of up to $59.7M from time to time.
October 10, 2023 | 8:41 pm
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Disc Medicine Inc's plan to sell shares of common stock could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
When a company issues more shares, it dilutes the value of existing shares. This often leads to a decrease in the stock price as the market adjusts to the increased supply. Therefore, Disc Medicine's plan to sell more shares could lead to a short-term decrease in its stock price.
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