Allurion Technologies shares are trading lower after the company announced an underwritten public offering of up to $20 million in common stocks and warrants.
Portfolio Pulse from Benzinga Newsdesk
Allurion Technologies shares are trading lower following the announcement of an underwritten public offering of up to $20 million in common stocks and warrants.
June 26, 2024 | 3:36 pm
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Allurion Technologies shares are trading lower after the company announced an underwritten public offering of up to $20 million in common stocks and 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 react to the potential dilution and the increase in the number of shares available in the market.
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