Dyne Therapeutics Announces $300M Public Offering Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Dyne Therapeutics, Inc. (NASDAQ:DYN) has announced a $300 million public offering of its common stock, with an additional 30-day option for underwriters to purchase up to $45 million more. All shares will be sold by Dyne.
May 20, 2024 | 8:01 pm
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Dyne Therapeutics has announced a $300 million public offering of its common stock, potentially diluting existing shares. The offering includes a 30-day option for underwriters to purchase an additional $45 million in shares.
The announcement of a $300 million public offering, with an additional $45 million option, suggests potential dilution of existing shares, which typically leads to a short-term decrease in stock price.
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