Orgenesis shares are trading lower after the company announced a proposed underwritten public offering.
Portfolio Pulse from Benzinga Newsdesk
Orgenesis has announced a proposed underwritten public offering, leading to a decrease in its share price.
October 30, 2023 | 8:47 pm
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Orgenesis' announcement of a proposed underwritten public offering has led to a decrease in its share price.
The announcement of a proposed underwritten public offering often leads to a decrease in a company's share price. This is because such offerings increase the number of shares available in the market, diluting the value of existing shares. As a result, investors may sell off their shares, leading to a decrease in the share price.
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