Orgenesis Announces Withdrawal Of Its Previously Announced Proposed Underwritten Public Offering Due To Market Conditions
Portfolio Pulse from Benzinga Newsdesk
Orgenesis has withdrawn its previously announced proposed underwritten public offering due to unfavorable market conditions.
October 31, 2023 | 6:40 am
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NEGATIVE IMPACT
Orgenesis' decision to withdraw its proposed underwritten public offering could potentially impact its stock price.
The withdrawal of a public offering usually indicates that a company is not confident in its ability to raise capital at the current market price. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100