Bionomics Files For Resale Of Up To 3.64B Ordinary Shares By The Selling Shareholder
Portfolio Pulse from Benzinga Newsdesk
Bionomics has filed for the resale of up to 3.64 billion ordinary shares by the selling shareholder, according to an SEC filing.
June 18, 2024 | 1:01 pm
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Bionomics has filed for the resale of up to 3.64 billion ordinary shares by the selling shareholder, which could lead to increased share supply and potential downward pressure on the stock price.
The filing for the resale of a large number of shares (3.64 billion) by the selling shareholder could lead to an increase in the supply of shares in the market. This increased supply may result in downward pressure on the stock price as the market adjusts to the higher availability of shares.
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