Organovo Holdings shares are trading lower after the company announced the pricing of a $5.25 million public offering of 6,562,500 shares and common warrants.
Portfolio Pulse from Benzinga Newsdesk
Organovo Holdings announced a public offering of 6,562,500 shares and common warrants, totaling $5.25 million, leading to a decrease in its share price.
May 09, 2024 | 12:21 pm
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Organovo Holdings' share price is trading lower following the announcement of a $5.25 million public offering.
Public offerings often lead to a decrease in share price due to the dilution of existing shares. Organovo Holdings' announcement of a significant public offering has likely contributed to a negative short-term impact on its stock price.
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