Tectonic Therapeutic Files For Offering Of Up To 2.97M Common Shares By The Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Tectonic Therapeutic has filed for an offering of up to 2.97 million common shares by the selling stockholders.
July 19, 2024 | 8:07 pm
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Tectonic Therapeutic has filed for an offering of up to 2.97 million common shares by the selling stockholders. This could lead to a dilution of existing shares and potential short-term downward pressure on the stock price.
The offering of additional shares by selling stockholders typically leads to dilution, which can result in a decrease in the stock price as the market adjusts to the increased supply of shares.
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