Aligos Therapeutics Inc Files Prospectus Related To Resale From Time To Time Of Up To 168.7M Shares Of Common Stock, By Selling Securityholders
Portfolio Pulse from Benzinga Newsdesk
Aligos Therapeutics Inc has filed a prospectus with the SEC for the resale of up to 168.7 million shares of common stock by selling securityholders. This filing indicates that current shareholders may be looking to sell a significant number of shares, which could potentially impact the stock's market price.
November 17, 2023 | 9:42 pm
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Aligos Therapeutics Inc's SEC filing for the resale of up to 168.7 million shares by selling securityholders may lead to an increase in stock supply, potentially putting downward pressure on the stock price in the short term.
The filing for a large number of shares to be potentially sold by existing securityholders often suggests an upcoming increase in stock supply. This can lead to downward pressure on the stock price as the market absorbs the additional shares. However, the actual impact will depend on the demand for the shares and the timing of any sales.
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