Virpax Pharmaceuticals shares are trading lower after the company announced the pricing of a $2.25 million public offering.
Portfolio Pulse from Benzinga Newsdesk
Virpax Pharmaceuticals shares are trading lower following the announcement of a $2.25 million public offering.
May 15, 2024 | 4:41 pm
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NEGATIVE IMPACT
Virpax Pharmaceuticals shares are trading lower after the company announced the pricing of a $2.25 million public offering.
The announcement of a public offering often leads to a dilution of existing shares, which can negatively impact the stock price in the short term. This is reflected in the immediate trading lower of Virpax Pharmaceuticals shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100