Nuwellis shares are trading lower after the company announced the pricing of a $2 million public offering of 469,340 common shares at $4.24 a share.
Portfolio Pulse from Benzinga Newsdesk
Nuwellis shares are trading lower following the announcement of a $2 million public offering of 469,340 common shares at $4.24 per share.
July 24, 2024 | 12:24 pm
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Nuwellis shares are trading lower after the company announced a $2 million public offering of 469,340 common shares at $4.24 per share.
The announcement of a public offering often leads to a decrease in share price due to dilution concerns. The offering price of $4.24 per share is likely perceived as lower than the market value, contributing to the negative sentiment.
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