Azitra Files For Firm Commitment Public Offering Of 3M Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Azitra Inc. has filed with the SEC for a firm commitment public offering of 3 million shares of its common stock, according to a recent SEC filing.
January 19, 2024 | 2:26 pm
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Azitra Inc. is planning to increase its common stock offering by 3 million shares, which may dilute current shareholders' equity and potentially impact the stock price.
The announcement of a public offering of additional shares typically leads to dilution of existing shareholders' equity. This can result in a negative perception among investors and a potential decrease in the stock price in the short term, as the market adjusts to the increased share supply.
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