Recursion Pharmaceuticals shares are trading lower after the company announced the pricing of a $200 million public offering of 30,769,230 shares at $6.50 per share.
Portfolio Pulse from Benzinga Newsdesk
Recursion Pharmaceuticals shares are trading lower after the company announced the pricing of a $200 million public offering of 30,769,230 shares at $6.50 per share.
June 27, 2024 | 11:34 am
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Recursion Pharmaceuticals shares are trading lower after the company announced the pricing of a $200 million public offering of 30,769,230 shares at $6.50 per share.
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 market's reaction to the $6.50 per share pricing indicates a bearish sentiment.
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