FibroBiologics Files FormRW, Registration Statement Has Not Been Declared Effective By The Commission, And No Securities Have Been Issued Or Sold Under The Registration Statement; Shares Spike Higher
Portfolio Pulse from Benzinga Newsdesk
FibroBiologics has filed FormRW, indicating that their registration statement has not been declared effective by the SEC, and no securities have been issued or sold under this statement. Despite this, shares of FibroBiologics have spiked higher.
June 06, 2024 | 3:01 pm
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FibroBiologics has filed FormRW, indicating that their registration statement has not been declared effective by the SEC, and no securities have been issued or sold under this statement. Despite this, shares of FibroBiologics have spiked higher.
The filing of FormRW suggests that FibroBiologics is withdrawing its registration statement, which could be seen as a positive move by investors, possibly due to avoiding dilution or other regulatory hurdles. This has led to a spike in the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100