Catalyst Pharmaceuticals Announces Pricing Of Public Offering Of Common Stock For Total Gross Proceeds Of $150M
Portfolio Pulse from Benzinga Newsdesk
Catalyst Pharmaceuticals has announced the pricing of a public offering of its common stock, aiming to raise total gross proceeds of $150 million. The offering is expected to increase the number of shares available in the market, which could potentially dilute the value of existing shares.
January 05, 2024 | 1:09 pm
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Catalyst Pharmaceuticals' public offering may lead to share dilution, potentially impacting the stock price negatively in the short term due to the increase in share supply.
Public offerings often result in dilution of existing shares, which can lead to a decrease in stock price as the market absorbs the additional share supply. The announcement of a significant offering like $150M is likely to be viewed negatively by investors in the short term.
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