Allurion Launches Underwritten Public Offering Of Up To $20M In Common Stocks And Warrants
Portfolio Pulse from Benzinga Newsdesk
Allurion has announced an underwritten public offering of up to $20 million in common stocks and warrants.
June 26, 2024 | 12:36 pm
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Allurion has announced an underwritten public offering of up to $20 million in common stocks and warrants. This move could lead to short-term volatility in the stock price as the market reacts to the dilution of shares.
The announcement of a public offering typically leads to a dilution of existing shares, which can result in a short-term decrease in stock price as investors adjust to the increased supply of shares.
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