22nd Century Announces Proposed Public Offering; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
22nd Century Group, Inc. (XXII) has announced a proposed public offering. The terms of the offering have not been disclosed yet.
October 16, 2023 | 8:06 pm
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22nd Century Group's proposed public offering could potentially dilute existing shareholders' equity, which may lead to a short-term decrease in the stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a decrease in the stock price in the short term. However, the actual impact will depend on the terms of the offering, which have not been disclosed yet.
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