Mirum Pharmaceuticals Inc Files For Stock Shelf Offering Of 7.9M Shares By Selling Shareholders
Portfolio Pulse from Benzinga Newsdesk
Mirum Pharmaceuticals Inc has filed for a stock shelf offering of 7.9 million shares by selling shareholders, according to an SEC filing.
October 13, 2023 | 8:59 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Mirum Pharmaceuticals' stock shelf offering of 7.9 million shares could potentially dilute the value of existing shares, potentially leading to a short-term decrease in stock price.
The filing for a stock shelf offering of 7.9 million shares by Mirum Pharmaceuticals could lead to dilution of the value of existing shares. This is because the increase in the number of shares available in the market could exceed the demand, leading to a decrease in the price per share. Therefore, this news could potentially have a negative impact on the short-term stock price of MIRM.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100