Monte Rosa Therapeutics Announces Proposed Public Offering Of Common Stock And Pre-Funded Warrants; No Size Or Amount Disclosed
Portfolio Pulse from Benzinga Newsdesk
Monte Rosa Therapeutics (NASDAQ:GLUE) has announced a public offering of its common stock and pre-funded warrants. The size and terms of the offering have not been disclosed. TD Cowen and Wedbush PacGrow are the joint book-running managers.
May 15, 2024 | 8:13 pm
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Monte Rosa Therapeutics has announced a public offering of its common stock and pre-funded warrants. The size and terms of the offering have not been disclosed, and the completion of the offering is subject to market conditions.
The announcement of a public offering typically leads to a short-term decrease in stock price due to potential dilution of existing shares. The lack of disclosed size and terms adds uncertainty, which may further pressure the stock.
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