Unicycive Therapeutics Inc Files For Resale Of Up To 50M Shares By The Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Unicycive Therapeutics Inc has filed with the SEC for the resale of up to 50 million shares by the selling stockholders.
July 05, 2024 | 8:03 pm
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Unicycive Therapeutics Inc has filed with the SEC for the resale of up to 50 million shares by the selling stockholders. This could lead to increased supply of shares in the market, potentially putting downward pressure on the stock price in the short term.
The filing for the resale of a large number of shares (up to 50 million) by selling stockholders could increase the supply of shares in the market. This increased supply may lead to downward pressure on the stock price in the short term as the market absorbs the additional shares.
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