NewAmsterdam Pharma Reveals Commencement Of Public Offering Of Ordinary Shares And Pre-Funded Warrants; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
NewAmsterdam Pharma has initiated a public offering of ordinary shares and pre-funded warrants, though specific terms were not disclosed. The company also plans to offer underwriters a 30-day option to purchase up to an additional 15% of the securities sold in the offering.
February 13, 2024 | 9:03 pm
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NewAmsterdam Pharma announces a public offering of shares and pre-funded warrants, with an additional option for underwriters to purchase more securities.
Public offerings often lead to a short-term decrease in stock price due to the dilution of existing shares. The lack of disclosed terms adds uncertainty, potentially increasing short-term volatility. The option for underwriters to purchase additional shares could further dilute the stock, maintaining downward pressure on the price.
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