22nd Century Announces Pricing of $5.25M Public Offering Of 10M Unit At $0.525/Unit
Portfolio Pulse from Benzinga Newsdesk
22nd Century has announced the pricing of its $5.25M public offering of 10M units at $0.525 per unit.
October 17, 2023 | 1:17 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
22nd Century's public offering could dilute the value of existing shares, potentially leading to a short-term decrease in stock price.
Public offerings often lead to dilution of existing shares, which can result in a decrease in stock price. As 22nd Century is directly issuing new shares, this is likely to have a direct impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100