UroGen Pharma Announces Public Offering Of Ordinary Shares And Pre-Funded Warrants; No Size Or Amount Disclosed
Portfolio Pulse from Benzinga Newsdesk
UroGen Pharma Ltd. (NASDAQ:URGN) has announced a public offering of its ordinary shares and pre-funded warrants. The size and amount of the offering have not been disclosed. The company also expects to grant underwriters a 30-day option to purchase up to an additional 15% of the total number of shares offered.
June 17, 2024 | 8:49 pm
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UroGen Pharma Ltd. has announced a public offering of its ordinary shares and pre-funded warrants, with no disclosed size or amount. This could lead to short-term stock price volatility.
Public offerings typically lead to stock price volatility due to potential dilution of existing shares. The lack of disclosed size or amount adds uncertainty, which may negatively impact the stock price in the short term.
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