Theratechnologies Announces Pricing Of $25M Public Offering Of Common Shares And Concurrent Private Placement
Portfolio Pulse from Benzinga Newsdesk
Theratechnologies Inc. (NASDAQ:THTX) has priced its public offering of 12.5 million common shares at $1.00 per share, expecting to raise approximately $12.5 million. The company has also granted the underwriter, Cantor Fitzgerald & Co., a 30-day option to purchase up to 1.875 million additional shares. Concurrently, Theratechnologies has entered into a subscription agreement with Investissement Québec for a private placement of over 9 million common shares and 3.4 million fully-funded, non-voting subscription receipts, aiming to raise another $12.5 million.

October 26, 2023 | 12:19 pm
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NEGATIVE IMPACT
Theratechnologies' public offering and private placement could potentially dilute the value of existing shares, which may negatively impact the stock price in the short term.
The issuance of new shares through a public offering and private placement increases the total number of shares in circulation, which can dilute the value of existing shares. This often leads to a decrease in the stock price in the short term.
CONFIDENCE 90
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