Keros Therapeutics Announces Proposed $120M Offering Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Keros Therapeutics has announced a proposed offering of common stock aiming to raise $120 million. The proceeds from the offering are expected to be used to fund the company's clinical trials, research and development, and for general corporate purposes. This move could potentially dilute current shareholders but also provides the company with additional capital to advance its product pipeline.
January 03, 2024 | 9:06 pm
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Keros Therapeutics' proposed $120M stock offering may dilute existing shares but provides funds for clinical trials and R&D. Investors should watch for potential short-term price volatility due to the dilution effect.
The announcement of a common stock offering typically leads to concerns about dilution for existing shareholders, which can cause short-term negative pressure on the stock price. However, the additional capital is intended for the company's growth initiatives, which could have positive long-term effects.
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