Reported Earlier, Rezolute Prices $60M Public Offering Of 11.25M Common Shares At $4/Share And Pre-Funded Warrants At $3.999 Each
Portfolio Pulse from Benzinga Newsdesk
Rezolute has announced a $60 million public offering, pricing 11.25 million common shares at $4 per share and pre-funded warrants at $3.999 each.
June 14, 2024 | 6:10 am
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Rezolute has announced a $60 million public offering, pricing 11.25 million common shares at $4 per share and pre-funded warrants at $3.999 each. This could lead to short-term downward pressure on the stock price due to dilution concerns.
The public offering increases the number of shares outstanding, which can dilute the value of existing shares. This often leads to short-term downward pressure on the stock price as investors react to the dilution.
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