Verastem shares are trading lower after the company announced it priced its $55 million public offering of 13,333,334 of its common stocks and accompanying warrants at $3.00 per share and accompanying warrant.
Portfolio Pulse from Benzinga Newsdesk
Verastem shares are trading lower after the company announced it priced its $55 million public offering of 13,333,334 of its common stocks and accompanying warrants at $3.00 per share and accompanying warrant.
July 24, 2024 | 11:50 am
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Verastem shares are trading lower following the announcement of a $55 million public offering priced at $3.00 per share and accompanying warrant.
The announcement of a public offering often leads to a decrease in share price due to dilution concerns. The pricing at $3.00 per share and accompanying warrant likely contributed to the negative market reaction.
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