LifeMD Files For Mixed Shelf Offering Up To $150M, Including $53.3M Under Sales Agreement Prospectus
Portfolio Pulse from Benzinga Newsdesk
LifeMD has filed for a mixed shelf offering of up to $150 million, which includes $53.3 million under a sales agreement prospectus.
June 07, 2024 | 4:44 pm
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LifeMD has announced a mixed shelf offering of up to $150 million, including $53.3 million under a sales agreement prospectus. This move could lead to stock dilution, potentially impacting the stock price negatively in the short term.
The mixed shelf offering allows LifeMD to raise up to $150 million, which includes $53.3 million under a sales agreement prospectus. This could lead to stock dilution, as more shares may be issued, potentially driving the stock price down in the short term.
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