Accelerate Diagnostics Has Launched A Proposed Underwritten Public Offering Of 4.5M Each Consisting Of One Share Of Common Stock And One Warrant To Purchase One Share Of Common Stock; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Accelerate Diagnostics has initiated a proposed underwritten public offering of 4.5 million units, each comprising one share of common stock and one warrant to purchase an additional share. The company also plans to offer underwriters a 30-day option to buy up to an additional 675,000 shares and/or warrants.
January 16, 2024 | 12:47 pm
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Accelerate Diagnostics is conducting a public offering of 4.5 million units, potentially diluting current shareholders and impacting the stock price.
Public offerings often lead to dilution of existing shares, which can depress the stock price in the short term as the market absorbs the additional supply of securities.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100