CORRECTION: KALA BIO Files For Shelf Of Up To 3.519M Shares By Selling Shareholders
Portfolio Pulse from Benzinga Newsdesk
KALA BIO has filed for a shelf registration of up to 3.519 million shares by selling shareholders. This move allows the company to offer and sell these shares over time.
July 25, 2024 | 8:38 pm
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KALA BIO has filed for a shelf registration of up to 3.519 million shares by selling shareholders. This move allows the company to offer and sell these shares over time.
The filing for a shelf registration indicates that KALA BIO may issue new shares, which could dilute the existing shareholders' value and potentially lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100