Applied DNA Prices $12M Public Offering Of 9,230,769 Units At $1.30/Unit
Portfolio Pulse from Benzinga Newsdesk
Applied DNA Sciences has announced the pricing of a $12 million public offering, consisting of 9,230,769 units at $1.30 per unit.
May 28, 2024 | 1:33 pm
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Applied DNA Sciences has priced a $12 million public offering of 9,230,769 units at $1.30 per unit. This move is likely to impact the stock price in the short term as it may lead to dilution of existing shares.
The public offering will likely lead to dilution of existing shares, which typically results in a short-term decrease in stock price. Investors may react negatively to the increased supply of shares.
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IMPORTANCE 80
RELEVANCE 100