Harpoon Therapeutics, Inc. Files Prospectus For The Offering and Resale Of 25,751,025 Shares Of Common Stock By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Harpoon Therapeutics, Inc. has filed a prospectus for the offering and resale of 25,751,025 shares of common stock by selling stockholders. This includes shares currently held, and shares issuable upon the exercise of pre-funded and common warrants. Harpoon will not sell any shares or receive proceeds from the stockholders' sales, except for net proceeds from exercised warrants. The sales may occur at various prices and through different channels. Harpoon is covering the registration costs, while selling stockholders are responsible for commissions. Harpoon's stock is listed on Nasdaq under the symbol 'HARP', with a last reported sale price of $10.00 per share as of December 6, 2023.
December 08, 2023 | 9:12 pm
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Harpoon Therapeutics' filing indicates a potential increase in market supply of shares from selling stockholders, which could put downward pressure on the stock price in the short term.
The filing for a large number of shares to be potentially sold by existing stockholders could lead to an increased supply of shares on the market. This increased supply, without a corresponding increase in demand, could result in downward pressure on the stock price. However, the actual impact will depend on the demand for the shares and the conditions under which the selling stockholders decide to sell.
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