Pulse Biosciences shares are trading lower after the company last week 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.
April 01, 2024 | 5:24 pm
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Pulse Biosciences' shares are trading lower due to the recent announcement of its Q4 financial results and the initiation of a rights offering.
The decline in Pulse Biosciences' stock price can be attributed to the market's reaction to its Q4 financial results, which were likely below investor expectations. Additionally, the announcement of a rights offering of up to $60 million could be perceived as a dilutive event, further pressuring the stock price in the short term.
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