Liquidia Prices Public Offering Of 3.49M Shares Of Common Stock At $7.16 For Total Gross Proceeds Of $25M
Portfolio Pulse from Benzinga Newsdesk
Liquidia has priced its public offering of 3.49 million shares at $7.16 per share, aiming to raise total gross proceeds of $25 million. The offering is anticipated to close on December 14, 2023, pending customary closing conditions.
December 12, 2023 | 12:17 pm
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Liquidia's public offering could dilute existing shares, potentially leading to a short-term decrease in stock price due to the increased share count.
Public offerings often lead to dilution of existing shares, which can result in a short-term negative impact on the stock price as the market absorbs the additional share count. The pricing of the offering at $7.16, depending on the current market price, may also suggest the company's valuation according to the terms of the deal. Investors may react to this news by adjusting their positions, especially if the offering price is lower than the current trading price, which could be perceived as a negative signal.
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