Vaxart shares are trading lower after the company launched a $40 million underwritten offering of 50 million shares at $0.80 per share.
Portfolio Pulse from Benzinga Newsdesk
Vaxart shares are trading lower after the company launched a $40 million underwritten offering of 50 million shares at $0.80 per share.
June 14, 2024 | 4:07 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Vaxart shares are trading lower following the announcement of a $40 million underwritten offering of 50 million shares at $0.80 per share.
The announcement of a large underwritten offering typically dilutes existing shares, leading to a decrease in share price. The offering price of $0.80 per share is also likely below the current market price, contributing to the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100