Seelos Therapeutics Announces $4M Registered Direct Offering
Portfolio Pulse from Benzinga Newsdesk
Seelos Therapeutics has announced a registered direct offering of $4 million. This capital raise typically dilutes existing shareholders but provides the company with additional funds for operations, research, and development. The impact on the stock price can be negative in the short term due to dilution concerns.
January 26, 2024 | 1:31 pm
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Seelos Therapeutics' $4M registered direct offering may lead to short-term stock price decline due to dilution of existing shares.
Registered direct offerings often result in dilution of existing shares, which can lead to a decrease in stock price as the market adjusts to the increased share count. However, the funds raised can be beneficial for the company's growth and development in the long term.
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