NewAmsterdam Pharma Prices $175.3M Public Offering Of Ordinary Shares And Pre-Funded Warrants
Portfolio Pulse from Benzinga Newsdesk
NewAmsterdam Pharma has announced the pricing of its underwritten public offering, which includes over 4.48 million ordinary shares at $19.00 each and pre-funded warrants for approximately 4.74 million ordinary shares at $18.9999 each. The offering aims to raise a total of $175.3 million.
February 14, 2024 | 7:40 am
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NewAmsterdam Pharma's public offering includes over 4.48 million ordinary shares and pre-funded warrants for about 4.74 million shares, aiming to raise $175.3 million.
The announcement of a public offering can have mixed impacts on a company's stock price. On one hand, it can dilute existing shares, potentially leading to a short-term decrease in stock price. On the other hand, the capital raised can be used for growth initiatives, which might be viewed positively by investors. Given the size of the offering and the pricing details provided, the short-term impact is assessed as neutral, reflecting the balance between potential dilution concerns and the benefits of capital raising.
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