Standard Biotools Filed For Offering Of Up To 105.1M Common Shares By The Selling Securityholders
Portfolio Pulse from Benzinga Newsdesk
Standard Biotools has filed for an offering of up to 105.1 million common shares by the selling securityholders, as per the S-3 filing with the SEC.
June 20, 2024 | 10:27 am
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Standard Biotools has filed for an offering of up to 105.1 million common shares by the selling securityholders. This could lead to a dilution of existing shares, potentially impacting the stock price negatively in the short term.
The filing for an offering of a large number of common shares typically leads to dilution of existing shares, which can negatively impact the stock price in the short term as the market adjusts to the increased supply.
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