Ocular Therapeutix Prices Public Offering Of 30.8M Common Share Stock At $3.25/Share For Gross Proceeds Of $100.1M
Portfolio Pulse from Benzinga Newsdesk
Ocular Therapeutix, Inc. has announced the pricing of an underwritten public offering of 30.8 million shares at $3.25 per share, aiming to raise gross proceeds of $100.1 million before deductions for underwriting discounts, commissions, and other expenses.
December 14, 2023 | 7:23 am
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Ocular Therapeutix is raising $100.1 million through a public offering of 30.8 million shares at $3.25 each. This capital raise could fund further development of their eye disease treatments.
The public offering is a common method for companies to raise capital. While it provides funds that may be used for research, development, and commercialization, the dilution of existing shares often has a neutral to slightly negative short-term impact on the stock price. However, the market's perception of the company's growth prospects and the use of proceeds can mitigate this effect.
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