Motus GI Holdings shares are trading lower after the company announced the pricing of a $5 million public offering of 3,333,334 shares of common stock at $1.50 per share.
Portfolio Pulse from Benzinga Newsdesk
Motus GI Holdings announced the pricing of a $5 million public offering at $1.50 per share, resulting in its shares trading lower.
December 19, 2023 | 5:02 pm
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NEGATIVE IMPACT
Motus GI Holdings' stock price is likely to experience downward pressure in the short term due to the announcement of a public offering priced at a discount.
Public offerings often lead to short-term stock price declines, especially when the offering price is set below the current market price, as it dilutes existing shareholders and implies the stock may be overvalued at its current level.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100