Achieve Life Sciences Files Prospectus Related To Offer & Sale From Time To Time Of Up To 13.1M Shares Of Common Stock, By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Achieve Life Sciences has filed a prospectus with the SEC for the potential offer and sale of up to 13.1 million shares of common stock by selling stockholders. This move could impact the company's stock liquidity and potentially dilute current shareholders' equity.
April 26, 2024 | 8:40 pm
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Achieve Life Sciences' filing for the potential sale of 13.1M shares by selling stockholders may lead to increased stock liquidity but could also dilute current shareholders' equity.
The filing indicates a potential increase in the number of shares available in the market, which can lead to dilution of existing shares. This typically puts downward pressure on the stock price in the short term due to the increased supply of shares and the dilution of ownership.
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