Theratechnologies Announces Proposed Public Offering Of Common Shares And Concurrent Private Placement; No Size Or Amount Disclosed
Portfolio Pulse from Benzinga Newsdesk
Theratechnologies Inc. (NASDAQ:THTX, TSX:TH) has announced a public offering of common shares and a concurrent private placement. The company will grant the underwriter, Cantor Fitzgerald & Co., a 30-day option to purchase up to an additional 15% of the shares. In connection with the public offering, Theratechnologies will enter into a subscription agreement with Investissement Québec for a private placement of up to US$12.5 million.
October 25, 2023 | 9:03 pm
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Theratechnologies' public offering and private placement could potentially dilute existing shares, impacting the stock price.
Public offerings often lead to share dilution, which can negatively impact the stock price. The private placement with Investissement Québec could bring in additional capital, but the overall impact on the stock price is uncertain.
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