Immuron Earlier Filed For Mixed Shelf Offering Of Up To $15M
Portfolio Pulse from Benzinga Newsdesk
Immuron has filed for a mixed shelf offering of up to $15 million, as indicated in their recent 6-K filing.
July 03, 2024 | 11:10 am
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Immuron has filed for a mixed shelf offering of up to $15 million. This could lead to potential dilution of shares, impacting the stock price in the short term.
A mixed shelf offering allows the company to issue various types of securities, which can lead to dilution of existing shares. This often results in a short-term negative impact on the stock price as the market adjusts to the increased supply of shares.
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