Oragenics Files For Offering Of Shares Of Common Stock; Size Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Oragenics has filed with the SEC to offer shares of common stock, although the size of the offering has not been disclosed.
January 16, 2024 | 2:13 pm
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Oragenics' filing for a stock offering may dilute existing shares, potentially leading to a short-term decrease in stock price.
Stock offerings often result in dilution of existing shares, which can lead to a decrease in stock price as the market adjusts to the increase in share supply. The lack of details on the offering size leaves uncertainty, which can also negatively affect investor sentiment in the short term.
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