BioCardia Files For Mixed Shelf Of Up To $50M
Portfolio Pulse from Benzinga Newsdesk
BioCardia has filed for a mixed shelf offering of up to $50 million, according to an SEC filing.
October 20, 2023 | 1:31 pm
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BioCardia's filing for a mixed shelf offering of up to $50 million could potentially dilute existing shareholders' equity.
BioCardia's filing for a mixed shelf offering of up to $50 million indicates that the company may be planning to raise capital by issuing new shares. This could dilute the equity of existing shareholders, potentially leading to a decrease in the stock price in the short term.
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