FibroBiologics Files Prospectus Relates To Resale Of Up To 16M Shares Of Common Stock By GEM
Portfolio Pulse from Benzinga Newsdesk
FibroBiologics has filed a prospectus with the SEC for the resale of up to 16 million shares of common stock by GEM.
June 18, 2024 | 8:16 pm
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FibroBiologics has filed a prospectus with the SEC for the resale of up to 16 million shares of common stock by GEM. This could lead to increased stock volatility and potential downward pressure on the stock price due to the increased supply of shares.
The filing of a prospectus for the resale of a large number of shares typically leads to increased supply in the market, which can result in downward pressure on the stock price. Investors may react negatively to the potential dilution and increased volatility.
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