Cerevel Therapeutics Announces $400M Proposed Public Offering Of Common Stock; Expects To Grant The Underwriters A 30-Day Option To Purchase Up To An Additional $60M Of Shares Of Its Common Stock At The Public Offering Price
Portfolio Pulse from Benzinga Newsdesk
Cerevel Therapeutics has announced a proposed public offering of its common stock worth $400M. The company also expects to grant the underwriters a 30-day option to purchase up to an additional $60M of its shares at the public offering price.
October 11, 2023 | 8:03 pm
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Cerevel Therapeutics' proposed public offering of $400M common stock and a 30-day option for underwriters to purchase an additional $60M shares could impact its stock price.
Public offerings often lead to a dilution of shares, which can result in a decrease in stock price. However, the impact on Cerevel Therapeutics' stock price will depend on the demand for the new shares and the market's perception of the company's value.
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