ATEC Prices Underwritten Public Offering Of 14.3M Common Shares At $10.50 /Share
Portfolio Pulse from Benzinga Newsdesk
ATEC has priced an underwritten public offering of 14.3 million common shares at $10.50 per share.
October 25, 2023 | 7:21 am
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ATEC has priced an underwritten public offering of 14.3 million common shares at $10.50 per share, which may dilute existing shareholders' equity.
The pricing of an underwritten public offering often leads to a short-term decrease in the stock price due to the dilution of existing shareholders' equity. Given that ATEC is directly issuing new shares, it is highly relevant and important for investors.
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