ContraFect Corp Selling Securityholder May Offer And Sell Up To 7M Shares In Aggregate Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
ContraFect Corp's selling securityholder may offer and sell up to 7 million shares of common stock, according to an SEC filing.
October 24, 2023 | 8:15 pm
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ContraFect Corp's securityholder may sell up to 7 million shares, which could potentially dilute the stock's value.
The potential sale of 7 million shares by ContraFect Corp's securityholder could increase the supply of CFRX shares in the market. This could potentially dilute the value of the stock, leading to a decrease in its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100