BioXcel Therapeutics shares are trading lower after the company announced a $25 million registered direct offering.
Portfolio Pulse from Benzinga Newsdesk
BioXcel Therapeutics' stock price is trading lower following the announcement of a $25 million registered direct offering.
March 25, 2024 | 11:23 am
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BioXcel Therapeutics' shares are trading lower due to the announcement of a $25 million registered direct offering.
The announcement of a registered direct offering typically leads to a decrease in stock price in the short term due to the dilution of existing shares. Investors may view this as a negative event, leading to a decrease in demand for the stock and a subsequent drop in its price.
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