Immunome Files For Shelf Of Up To 2.2M Shares Of Common Stock By Selling Stockholder
Portfolio Pulse from Benzinga Newsdesk
Immunome has filed with the SEC for a shelf offering of up to 2.2 million shares of common stock by a selling stockholder. This move allows the stockholder to sell these shares at future market prices.
April 03, 2024 | 8:51 pm
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Immunome's filing for a shelf offering of up to 2.2 million shares could lead to potential dilution or indicate future financing activities by a selling stockholder.
Shelf offerings, especially of this magnitude, often lead to concerns about dilution among existing shareholders. While it provides flexibility for the selling stockholder to sell shares in the future, it can also create downward pressure on the stock price in the short term due to the potential increase in supply of shares.
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