Unity Biotechnology Reports Secondary Offering Of Up To $2.27M Shares Of Common Stock - Filing
Portfolio Pulse from Benzinga Newsdesk
Unity Biotechnology has announced a secondary offering of up to $2.27 million shares of common stock, according to a recent filing.
December 06, 2023 | 10:32 pm
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Unity Biotechnology's secondary offering of up to $2.27 million shares could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
Secondary offerings often result in dilution of existing shares, which can lead to a decrease in stock price as the market absorbs the additional share supply. Given the size of the offering relative to the company, this is likely to have a notable impact on the stock price in the short term.
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