Reviva Announces $3M Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Portfolio Pulse from Benzinga Newsdesk
Reviva Pharmaceuticals Holdings, Inc. (RVPH) has announced a $3 million registered direct offering priced at-the-market under Nasdaq rules.
May 28, 2024 | 12:01 pm
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Reviva Pharmaceuticals Holdings, Inc. (RVPH) has announced a $3 million registered direct offering priced at-the-market under Nasdaq rules. This could lead to short-term stock price volatility as the market reacts to the new share issuance.
The announcement of a registered direct offering typically leads to short-term stock price volatility due to the potential dilution of existing shares. Investors may react negatively in the short term as the market adjusts to the new share issuance.
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