Catalyst Pharmaceuticals Begins Public Offering Of $150M Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
Catalyst Pharmaceuticals has announced a public offering of $150M of its common stock, with an option for underwriters to purchase an additional 15% of the offered shares. The proceeds are intended for potential acquisition of new product candidates and general corporate purposes.
January 04, 2024 | 9:52 pm
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Catalyst Pharmaceuticals' public offering may dilute current shareholders but provides capital for potential acquisitions and corporate needs.
The announcement of a public offering often leads to short-term negative pressure on a company's stock price due to the potential dilution of existing shares. However, the intended use of proceeds for acquisitions and corporate purposes could be positive in the long term.
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