Fortress Biotech shares are trading lower after the company announced pricing of a $10 million public offering.
Portfolio Pulse from Benzinga Newsdesk
Fortress Biotech has announced the pricing of a $10 million public offering, leading to a decrease in its share price.
November 10, 2023 | 1:41 pm
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Fortress Biotech's share price is trading lower after the company announced a $10 million public offering.
Public offerings often lead to a decrease in share price due to dilution of shares. As Fortress Biotech has announced a $10 million public offering, this has led to a decrease in its share price.
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