EyePoint Pharmaceuticals Prices Upsized Public Offering Of 11,764,706 Common Shares At $17/Share
Portfolio Pulse from Benzinga Newsdesk
EyePoint Pharmaceuticals has priced an upsized public offering of 11,764,706 common shares at $17 per share, expecting to raise approximately $200 million before fees and expenses.
December 06, 2023 | 7:35 am
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EyePoint Pharmaceuticals is expected to raise $200 million from an upsized public offering of its common shares, which could impact its financial position and stock price.
The impact of the public offering on EYPT's stock price could be neutral to slightly negative in the short term due to the dilutive effect of issuing additional shares. However, the infusion of capital is likely to strengthen the company's financial position, which could be positive for long-term investors.
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