Scilex Holding Company Announces $15M Registered Direct Offering Of 15M Shares At $1.00/Share
Portfolio Pulse from Benzinga Newsdesk
Scilex Holding Company has announced a registered direct offering of 15 million shares, priced at $1.00 per share, aiming to raise $15 million in capital.
April 24, 2024 | 12:02 pm
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Scilex Holding Company's direct offering of 15 million shares at $1.00 aims to raise $15 million, impacting its capital structure and potentially diluting current shareholders' equity.
Direct offerings increase a company's shares outstanding, leading to dilution of existing shareholders' equity. While this move increases Scilex's capital, potentially supporting growth or operational needs, it may concern investors about dilution, possibly leading to a negative short-term impact on the stock price.
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