Rezolute shares are trading lower after the company announced a proposed public offering of common stock and pre-funded warrants.
Portfolio Pulse from Benzinga Newsdesk
Rezolute shares are trading lower following the company's announcement of a proposed public offering of common stock and pre-funded warrants.
June 14, 2024 | 11:25 am
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Rezolute 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 be concerned about the potential dilution and the reasons behind the need for additional capital.
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