Aquestive Therapeutics shares are trading lower after the company announced the pricing of a $75 million underwritten public offering of 16,666,667 shares at $4.50 per share.
Portfolio Pulse from Benzinga Newsdesk
Aquestive Therapeutics announced the pricing of a $75 million underwritten public offering of 16,666,667 shares at $4.50 per share, leading to a decrease in its share price.
March 20, 2024 | 11:31 am
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Aquestive Therapeutics' share price has decreased following the announcement of a $75 million public offering at $4.50 per share.
The announcement of a significant public offering often leads to a decrease in share price due to the dilution of existing shares. In this case, Aquestive Therapeutics' decision to offer 16,666,667 shares at $4.50 each has led to a negative short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100