Praxis Precision Medicines Plans Proposed Public Offering Of Its Common Stock; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Praxis Precision Medicines has announced its intention to conduct a proposed public offering of its common stock. However, the terms of the offering have not been disclosed.
January 10, 2024 | 9:21 pm
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Praxis Precision Medicines is planning a public offering of its common stock, which could lead to dilution of existing shares but also raise capital for the company.
Public offerings often result in dilution of existing shares, which can lead to a short-term negative impact on the stock price. However, the lack of terms means the extent of the offering and its pricing are unknown, which could influence the degree of impact.
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