Applied Therapeutics Files Prospectus For Disposition From Time To Time By Selling Stockholders Of Up To 14.3M Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Applied Therapeutics has filed a prospectus with the SEC for the disposition of up to 14.3 million shares of common stock by selling stockholders. This move allows these stockholders to sell their shares in the market from time to time.
March 22, 2024 | 8:36 pm
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Applied Therapeutics' filing for the disposition of up to 14.3 million shares by selling stockholders could lead to potential dilution or selling pressure on the stock.
The filing indicates that selling stockholders are preparing to sell a significant number of shares. This could lead to increased supply of APLT stock in the market, potentially putting downward pressure on the stock price in the short term due to perceived dilution or the actual selling of shares.
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