Alvotech SA May Offer And Sell Ordinary Shares Of Up To $75M From Time To Time; Entered Into Open Market Sale Agreement With Jefferies Relating To Sale Of Ordinary Shares
Portfolio Pulse from Benzinga Newsdesk
Alvotech SA has entered into an open market sale agreement with Jefferies to offer and sell ordinary shares worth up to $75 million. This was disclosed in an SEC filing.
June 14, 2024 | 8:38 pm
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Alvotech SA has entered into an agreement with Jefferies to sell up to $75 million in ordinary shares. This move could potentially dilute existing shares and impact the stock price in the short term.
The sale of up to $75 million in ordinary shares could lead to dilution of existing shares, which typically exerts downward pressure on the stock price. The agreement with Jefferies facilitates this sale, making it a significant event for investors.
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