Biolase shares are trading lower after the company announced pricing of a $7 million public offering.
Portfolio Pulse from Benzinga Newsdesk
Biolase, Inc. announced the pricing of a $7 million public offering, leading to a decrease in its share price.
February 13, 2024 | 4:56 pm
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Biolase, Inc. announced a $7 million public offering, causing its stock price to decline.
Public offerings often lead to a decrease in a company's stock price in the short term due to the dilution of existing shares. Given the direct impact of this news on Biolase, Inc., it's likely that the stock price will experience downward pressure.
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