Nyxoah Proposes Public Offering Of Ordinary Shares; No Size Or Amount Disclosed
Portfolio Pulse from Benzinga Newsdesk
Nyxoah SA (NASDAQ:NYXH) has announced a proposed underwritten public offering of its ordinary shares in the United States. The offering may also include shares sold in a private offering to qualified or institutional investors outside the U.S. The company will grant underwriters a 30-day option to purchase additional shares up to 15% of the number of shares sold. The offering's size and terms are not yet disclosed and are subject to market conditions.
May 22, 2024 | 8:21 pm
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Nyxoah SA has announced a proposed public offering of its ordinary shares, which could lead to dilution of existing shares and impact the stock price. The offering's size and terms are not yet disclosed.
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 impact investor sentiment.
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