Microbot Medical Files Prospectus For Sale Of Up To 3.2M Shares Of Common Stock By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Microbot Medical has filed a prospectus for the sale of up to 3.2 million shares of common stock by selling stockholders.
June 11, 2024 | 5:18 pm
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Microbot Medical has filed a prospectus for the sale of up to 3.2 million shares of common stock by selling stockholders. This could lead to a dilution of shares and potential downward pressure on the stock price in the short term.
The filing of a prospectus for the sale of a significant number of shares (3.2 million) by selling stockholders typically leads to concerns about share dilution. This can result in downward pressure on the stock price as the market adjusts to the increased supply of shares.
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