Alpha Teknova Filed Prospectus Related To Offering On Resale Basis An Aggregate Of 11.3M Shares Of Common Stock By Selling Stockholders
Portfolio Pulse from Charles Gross
Alpha Teknova (TKNO) has filed a prospectus related to the offering on a resale basis of an aggregate of 11.3 million shares of common stock by selling stockholders.
October 25, 2023 | 8:46 pm
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Alpha Teknova's filing of a prospectus for the resale of 11.3 million shares could potentially dilute the value of existing shares, which may negatively impact the stock price in the short term.
The resale of a large number of shares can lead to dilution of the value of existing shares. This is because the total number of shares in circulation increases, while the company's net assets remain the same. As a result, each share represents a smaller percentage of the company's net assets, which can lead to a decrease in the stock price.
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