Taysha Gene Therapies shares are trading lower after the company announced it commenced a underwritten public offering of up to $75 million of shares of its common stock and, in lieu of common stock to certain investors that so choose, pre-funded warrants to purchase shares of its common stock.
Portfolio Pulse from Benzinga Newsdesk
Taysha Gene Therapies shares are trading lower following the announcement of a $75 million underwritten public offering of common stock and pre-funded warrants.
June 26, 2024 | 11:45 am
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Taysha Gene Therapies shares are trading lower after the company announced a $75 million underwritten public offering of common stock and pre-funded warrants.
The announcement of a public offering typically leads to a dilution of existing shares, which can negatively impact the stock price in the short term. Investors may be concerned about the dilution and the potential impact on their holdings.
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