Why Alphatec Holdings Inc (ATEC) Stock Is Falling
Portfolio Pulse from Henry Khederian
Alphatec Holdings Inc (NASDAQ:ATEC) shares are trading lower by 2.9% after the company announced pricing of a public offering of 14.3 million common stock shares at $10.50 per share. The offering is expected to close on October 27. The company expects to generate approximately $150 million in gross proceeds from the offering.
October 26, 2023 | 2:58 pm
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Alphatec's stock price is falling due to the announcement of a public offering of common stock, which is often viewed as dilutive by investors.
The announcement of a public offering of common stock often leads to a decrease in the stock price as it increases the number of shares in circulation, diluting the value of existing shares. This is likely the reason for the drop in Alphatec's stock price.
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