Neubase Therapeutics Filed Prospectus Supplement Related To Offering Of Up To $10M Of Shares Of Common Stock
Portfolio Pulse from Charles Gross
Neubase Therapeutics has filed a prospectus supplement with the SEC for an offering of up to $10 million of shares of common stock. The filing is detailed in form 424B3, which indicates the company's intent to raise capital through the sale of equity.
December 28, 2023 | 11:44 am
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Neubase Therapeutics is looking to raise up to $10 million through a common stock offering, which could dilute current shareholders but provide the company with necessary capital.
The announcement of a common stock offering often leads to short-term negative pressure on a company's stock price due to the potential dilution of existing shares. However, the raised capital can be beneficial for the company's long-term growth and financial stability.
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