Immunic Raises Size Of Mixed Shelf Offering From $250M To $412.3M
Portfolio Pulse from Benzinga Newsdesk
Immunic Inc. has increased the size of its mixed shelf offering from $250 million to $412.3 million, as per the SEC filing.
May 24, 2024 | 8:21 pm
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Immunic Inc. has increased the size of its mixed shelf offering from $250 million to $412.3 million, indicating a potential need for more capital or expansion plans.
The increase in the mixed shelf offering size suggests that Immunic Inc. may be seeking additional capital, which could lead to dilution of existing shares. This is typically viewed negatively by investors in the short term.
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