Cingulate Announces Pricing Of $7.5M Public Offering Of 3.750M Shares At $2.00/Share
Portfolio Pulse from Benzinga Newsdesk
Cingulate has announced the pricing of its public offering, aiming to raise $7.5 million through the sale of 3.750 million shares at a price of $2.00 per share.
February 02, 2024 | 2:23 pm
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Cingulate's public offering of 3.750 million shares at $2.00 per share aims to raise $7.5 million.
Public offerings often lead to short-term price declines due to the dilution of existing shares. Given the size of the offering relative to Cingulate's market cap, this could have a notable negative impact on the stock price in the short term.
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