Lithium Americas Corp shares are trading lower after the company priced a $275 million public offering.
Portfolio Pulse from Benzinga Newsdesk
Lithium Americas Corp's stock price has decreased following the announcement of a $275 million public offering.
April 18, 2024 | 10:43 am
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Lithium Americas Corp's shares are trading lower due to the pricing of a $275 million public offering.
Public offerings often lead to a decrease in stock price in the short term due to the dilution of existing shares. Given the size of the offering, $275 million, it's likely that investors are reacting to the potential dilution of their holdings, thus driving the price down.
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