Accelerate Diagnostics shares are trading lower after the company announced pricing of its roughly $15 million public offering and private placement.
Portfolio Pulse from Benzinga Newsdesk
Accelerate Diagnostics' stock price is trading lower following the announcement of a public offering and private placement valued at approximately $15 million.

January 19, 2024 | 3:34 pm
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Accelerate Diagnostics' shares are expected to face downward pressure in the short term due to the dilutive effect of the new public offering and private placement.
The announcement of a public offering and private placement typically leads to a dilution of existing shares, which can result in a decrease in share price as the market adjusts to the increased share supply. Given that Accelerate Diagnostics has announced a $15 million offering, this is likely to have a negative impact on the stock price in the short term.
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