Elutia Says Selling Securityholders May Offer And Sell Up To 18.57M Shares In The Aggregate Of Class A Common Stock
Portfolio Pulse from Benzinga Newsdesk
Elutia has announced that selling securityholders may offer and sell up to 18.57 million shares of its Class A common stock. This could potentially increase the stock's liquidity and may result in downward pressure on the share price due to the increased supply of shares available in the market.
November 20, 2023 | 10:01 pm
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The potential sale of up to 18.57 million shares by Elutia's selling securityholders may lead to increased liquidity and could exert downward pressure on the stock price in the short term.
The announcement indicates a significant number of shares could be sold by securityholders, which typically increases market supply and can lead to a decrease in share price, especially if the market perceives the sale as a lack of confidence by insiders or if demand doesn't match the increased supply.
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IMPORTANCE 75
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