Seelos Therapeutics Announces Proposed Public Offering; No Size Or Amount Disclosed
Portfolio Pulse from Benzinga Newsdesk
Seelos Therapeutics, Inc. has announced the commencement of an underwritten public offering of its common stock and warrants. The offering includes a 45-day option for underwriters to purchase additional shares or warrants. The size and terms of the offering have not been disclosed, and its completion is subject to market conditions. The offering is made under an effective shelf registration statement and will be sold by Seelos. Titan Partners Group is the sole book-running manager for the offering.
November 28, 2023 | 9:25 pm
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Seelos Therapeutics announces an underwritten public offering of common stock and warrants, with the terms yet to be disclosed. The offering's success is contingent on market conditions, and Titan Partners Group is managing the process.
Public offerings often lead to dilution of existing shares, which can result in a short-term negative impact on the stock price. The lack of details on the size and terms adds uncertainty, potentially causing a cautious reaction from investors.
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