Virios Therapeutics Inc. To Offer 8.5M Shares Of Common Stock At $0.20 Per Share
Portfolio Pulse from Benzinga Newsdesk
Virios Therapeutics Inc. has announced an offering of 8.5 million shares of common stock at $0.20 per share, according to an SEC filing.
May 20, 2024 | 8:22 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Virios Therapeutics Inc. is offering 8.5 million shares of common stock at $0.20 per share. This move could lead to dilution of existing shares and potentially lower the stock price in the short term.
The offering of 8.5 million shares at a low price of $0.20 per share is likely to dilute the value of existing shares, leading to a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100