Celcuity Announces Pricing Of 3,871,000 Share Offering At $15.50/Share
Portfolio Pulse from Benzinga Newsdesk
Celcuity has announced the pricing of its public offering of 3,871,000 shares at $15.50 per share.
May 30, 2024 | 11:37 am
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Celcuity has priced its public offering of 3,871,000 shares at $15.50 per share. This move is likely to impact the stock price in the short term as it increases the number of shares available in the market.
The announcement of a share offering typically leads to a short-term decrease in stock price due to dilution. The offering price of $15.50 per share will likely set a new benchmark for the stock's value in the near term.
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