Pharvaris Announces Pricing of $300 Million Underwritten Offering of Ordinary Shares and Pre-funded Warrants; Offering Is Expected To Close On Or About December 8, 2023
Portfolio Pulse from Benzinga Newsdesk
Pharvaris has announced the pricing of a $300 million underwritten offering consisting of ordinary shares and pre-funded warrants. The offering is expected to close on or about December 8, 2023.
December 06, 2023 | 12:24 pm
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Pharvaris has priced a $300 million offering, which may dilute current shareholders but also provides capital for operations and growth.
The announcement of a significant offering like this typically leads to short-term negative pressure on the stock price due to the potential dilution of existing shares. However, the influx of capital can be positive in the longer term if used effectively for growth and operations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100