Vivani Medical shares are trading lower after the company announced the pricing of a $15 million registered direct offering of common stock and warrants.
Portfolio Pulse from Benzinga Newsdesk
Vivani Medical's stock is trading lower following the announcement of a $15 million registered direct offering of common stock and warrants.
March 01, 2024 | 5:01 pm
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NEGATIVE IMPACT
Vivani Medical's shares are trading lower due to the announcement of a $15 million registered direct offering.
Direct offerings often lead to a dilution of existing shares, causing a negative short-term impact on the stock price. Given the significant amount of $15 million, this is likely to have a notable impact on Vivani Medical's stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100