Sunshine Biopharma shares are trading lower after the company announced pricing of a $10 million underwritten public offering.
Portfolio Pulse from Benzinga Newsdesk
Sunshine Biopharma's stock is trading lower following the announcement of a $10 million underwritten public offering.
February 13, 2024 | 4:50 pm
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Sunshine Biopharma's shares are trading lower due to the announcement of a $10 million underwritten public offering.
Public offerings often lead to a decrease in stock price in the short term due to the dilution of existing shares. Given the direct impact of the announcement on Sunshine Biopharma's stock, it's likely to experience downward pressure in the short term.
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