Pulse Biosciences shares are trading lower after the company reported Q4 financial results. Also, the company announced plans to initiate a rights offering of up to $60 million worth of units.
Portfolio Pulse from Benzinga Newsdesk
Pulse Biosciences' stock is trading lower following the announcement of its Q4 financial results and plans to initiate a rights offering of up to $60 million worth of units.
March 28, 2024 | 8:30 pm
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Pulse Biosciences' shares are trading lower due to the announcement of its Q4 financial results and a rights offering of up to $60 million.
The negative reaction in Pulse Biosciences' stock price is likely due to investor concerns over the Q4 financial performance and the dilutive effect of the rights offering. The rights offering could lead to an increase in the number of shares outstanding, potentially diluting existing shareholders' equity.
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