Annovis Bio Announces Launch Of Proposed Public Offering; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Annovis Bio has announced the launch of a proposed public offering. The terms of the offering have not been disclosed.
October 30, 2023 | 8:49 pm
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Annovis Bio's proposed public offering could potentially dilute existing shareholders' equity, which may negatively impact the stock price in the short term.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a decrease in the stock price. However, the exact impact will depend on the terms of the offering, which have not been disclosed yet.
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