Tonix Pharmaceuticals Announces Proposed Public Offering; Size Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Tonix Pharmaceuticals has announced a proposed public offering, though the size of the offering has not been disclosed.
June 26, 2024 | 8:41 pm
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Tonix Pharmaceuticals has announced a proposed public offering, but the size of the offering has not been disclosed. This could lead to short-term volatility in the stock price as investors react to the news.
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. The lack of details regarding the size of the offering adds uncertainty, which may further contribute to volatility.
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