Genelux shares are trading lower after the company announced a proposed public offering of common stock and warrants.
Portfolio Pulse from Benzinga Newsdesk
Genelux shares are trading lower following the company's announcement of a proposed public offering of common stock and warrants.
May 23, 2024 | 8:19 pm
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Genelux shares are trading lower after the company announced a proposed public offering of common stock and warrants. This move typically dilutes existing shares, leading to a decrease in stock price.
The announcement of a public offering usually leads to a dilution of existing shares, which often results in a decrease in the stock price. Investors may react negatively to the increased supply of shares.
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