Fortress Biotech Announces Pricing Of $10M Public Offering Of 5.885M Units At $1.7/Unit
Portfolio Pulse from Benzinga Newsdesk
Fortress Biotech has announced the pricing of its $10 million public offering of 5.885 million units at $1.7 per unit.
November 10, 2023 | 1:18 pm
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Fortress Biotech's public offering of 5.885 million units at $1.7 per unit could potentially dilute existing shareholders' equity.
Public offerings often lead to dilution of existing shareholders' equity, which can negatively impact the stock price in the short term. However, the funds raised can be used for growth and expansion, which could have a positive impact in the long term.
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