Dare Bioscience Files For Common Stock Offering Of Up To $18.1M
Portfolio Pulse from Benzinga Newsdesk
Dare Bioscience has filed with the SEC to offer up to $18.1 million in common stock. This move indicates the company's strategy to raise capital, potentially diluting current shareholders but providing funds for operations or expansion.
May 10, 2024 | 8:31 pm
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Dare Bioscience's filing for a common stock offering of up to $18.1M could lead to dilution of existing shares but provide essential capital for the company.
Stock offerings often lead to dilution of existing shares, which can depress the stock price in the short term. However, the capital raised is crucial for operations and expansion, indicating a mixed impact but likely negative in the immediate aftermath.
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