Nano-X Imaging Entered Into Controlled Equity Offering Sales Agreement Relating To Issuance & Sale From Time To Time Of Ordinary Shares Of Up To $100M From Time To Time
Portfolio Pulse from Benzinga Newsdesk
Nano-X Imaging has entered into a controlled equity offering sales agreement to issue and sell ordinary shares worth up to $100 million from time to time, according to an SEC filing.
June 07, 2024 | 9:19 pm
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Nano-X Imaging has entered into a controlled equity offering sales agreement to issue and sell ordinary shares worth up to $100 million from time to time. This could lead to potential dilution of existing shares, impacting the stock price in the short term.
The issuance and sale of up to $100 million in ordinary shares could dilute the value of existing shares, leading to a potential decrease in stock price in the short term. Investors may react negatively to the news of dilution.
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