Ultragenyx shares are trading lower after the company announced a proposed public offering of common stock and pre-funded warrants.
Portfolio Pulse from Benzinga Newsdesk
Ultragenyx shares are trading lower following the announcement of a proposed public offering of common stock and pre-funded warrants.
June 12, 2024 | 8:09 pm
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Ultragenyx shares are trading lower after the company announced a proposed public offering of common stock and pre-funded warrants.
The announcement of a public offering typically leads to a dilution of existing shares, which can negatively impact the stock price in the short term. Investors may react to the potential dilution and the increased supply of shares.
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IMPORTANCE 80
RELEVANCE 100