Tempest Therapeutics Files For Mixed Shelf Of Up To $300M
Portfolio Pulse from Benzinga Newsdesk
Tempest Therapeutics has filed with the SEC for a mixed shelf offering of up to $300 million.
July 19, 2024 | 8:33 pm
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NEUTRAL IMPACT
Tempest Therapeutics has filed with the SEC for a mixed shelf offering of up to $300 million. This move could potentially dilute existing shares but also provides the company with capital for future growth.
The mixed shelf offering allows Tempest Therapeutics to issue various types of securities, which could lead to share dilution. However, the capital raised can be used for growth initiatives, making the short-term impact neutral.
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