Wearable Devices Files For Offering Of Up To 24.6M Ordinary Shares By The Selling Shareholder
Portfolio Pulse from Benzinga Newsdesk
Wearable Devices has filed for an offering of up to 24.6 million ordinary shares by the selling shareholder.
June 14, 2024 | 10:19 am
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Wearable Devices has filed for an offering of up to 24.6 million ordinary shares by the selling shareholder. This could lead to a dilution of existing shares and potential short-term downward pressure on the stock price.
The filing for an offering of a large number of shares typically leads to dilution of existing shares, which can result in downward pressure on the stock price in the short term.
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