Evolus Reports Pricing Of $50M Offering Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Evolus announced the pricing of a $50M offering of common stock, with an option for underwriters to purchase up to an additional 533,100 shares. The offering is expected to close around March 13, 2024.
March 11, 2024 | 11:03 am
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Evolus announced a $50M common stock offering, potentially diluting current shareholders but providing capital for operations or growth.
Stock offerings often lead to dilution of existing shares, potentially lowering their value in the short term. However, the capital raised can be beneficial for the company's growth or operational needs. The impact on the stock price will depend on investor perception of the offering's purpose and the company's future prospects.
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