Incannex Healthcare Files For Offering Of 4M Common Shares Along With Warrants To Purchase Up To 4M Common Shares
Portfolio Pulse from Benzinga Newsdesk
Incannex Healthcare has filed for an offering of 4 million common shares along with warrants to purchase up to 4 million common shares, according to an SEC filing.
July 17, 2024 | 12:55 pm
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Incannex Healthcare has filed for an offering of 4 million common shares along with warrants to purchase up to 4 million common shares. This could lead to short-term dilution of existing shares.
The offering of new shares and warrants can lead to dilution of existing shares, which typically puts downward pressure on the stock price in the short term.
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