Verastem Oncology Announces Proposed Public Offering Of Common Stock, Warrants And Pre-Funded Warrants; No Size Or Amount Disclosed
Portfolio Pulse from Benzinga Newsdesk
Verastem Oncology (NASDAQ:VSTM) announced a proposed public offering of common stock, warrants, and pre-funded warrants. The size and terms of the offering have not been disclosed. Guggenheim Securities and Cantor are acting as joint book-running managers.
July 23, 2024 | 8:12 pm
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Verastem Oncology announced a proposed public offering of common stock, warrants, and pre-funded warrants. The offering's size and terms are not disclosed, and it is subject to market conditions.
The announcement of a public offering typically leads to a short-term decline in stock price due to potential dilution of existing shares. The lack of disclosed size and terms adds uncertainty, which may further pressure the stock.
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