Longeveron Prices $5.25M Public Offering At $2.35/Share
Portfolio Pulse from Benzinga Newsdesk
Longeveron has announced the pricing of its public offering at $2.35 per share, aiming to raise $5.25 million. This move is part of the company's efforts to secure additional funding.
April 08, 2024 | 6:20 pm
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Longeveron's public offering priced at $2.35/share aims to raise $5.25M. This could indicate the company's need for capital but may dilute current shareholders' value.
Public offerings often lead to dilution of existing shares, which can negatively impact the stock price in the short term. However, the capital raised is intended for growth or operational needs, indicating a potential long-term benefit. The direct impact on LGVN's stock price is likely negative in the short term due to dilution concerns.
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