Theratechnologies shares are trading lower after the company announced pricing of a $25 million public offering of common shares and a concurrent private placement.
Portfolio Pulse from Benzinga Newsdesk
Theratechnologies has announced the pricing of a $25 million public offering of common shares and a concurrent private placement, causing its shares to trade lower.
October 26, 2023 | 4:01 pm
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Theratechnologies' stock is trading lower after the company announced a $25 million public offering and a concurrent private placement.
The announcement of a public offering often leads to a decrease in the stock price as it dilutes the value of existing shares. The concurrent private placement could also be seen as a sign of financial stress, further impacting the stock negatively.
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