Rezolute Announces Proposed Public Offering Of Common Stock And Pre-Funded Warrants; No Size Or Amount Disclosed
Portfolio Pulse from Benzinga Newsdesk
Rezolute, Inc. (NASDAQ:RZLT) has announced a proposed public offering of its common stock and pre-funded warrants. The size and terms of the offering have not been disclosed. Jefferies and Cantor are acting as the book-running managers.
June 13, 2024 | 8:01 pm
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Rezolute, Inc. has announced a proposed public offering of its common stock and pre-funded warrants. The offering's size and terms are not disclosed, and Jefferies and Cantor are managing the process.
The announcement of a public offering typically leads to a short-term decrease in stock price due to potential dilution of existing shares. The lack of disclosed size and terms adds uncertainty, which may further pressure the stock.
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