Lexaria Bioscience Corp Files For Resale Of Up To 1.6M Shares Of Common Stock By The Selling Stockholde
Portfolio Pulse from Benzinga Newsdesk
Lexaria Bioscience Corp has filed with the SEC for the resale of up to 1.6 million shares of common stock by the selling stockholder.
November 30, 2023 | 9:18 pm
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The SEC filing for the resale of up to 1.6 million shares by a selling stockholder may increase the stock's liquidity and could potentially dilute current shareholders' equity.
The resale of a significant number of shares often leads to dilution of existing shareholders' equity, which can result in a negative short-term impact on the stock price. However, the actual impact will depend on the market's perception of the resale and the current demand for LEXX shares.
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