LifeMD Files Prospectus Related To Resale, From Time To Time, Of Up To 1.3M Shares Of Common Stock Held By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
LifeMD has filed a prospectus related to the resale of up to 1.3 million shares of common stock held by selling stockholders, according to an SEC filing.
May 31, 2024 | 6:31 pm
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LifeMD has filed a prospectus for the resale of up to 1.3 million shares of common stock held by selling stockholders. This could lead to increased stock volatility and potential downward pressure on the stock price in the short term.
The filing of a prospectus for the resale of a significant number of shares (1.3 million) by selling stockholders can lead to increased supply in the market. This often results in downward pressure on the stock price due to the potential increase in available shares for trading.
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