GRI Bio Increasing Shares Of Common Stock Amount To Sell Under Sales Deal To Offering Price Of Up To $2.6M From Time To Time Through Agent
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GRI Bio has increased the amount of common stock it plans to sell under its sales agreement to an offering price of up to $2.6 million, according to an SEC filing.
July 26, 2024 | 8:18 pm
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GRI Bio has increased the amount of common stock it plans to sell under its sales agreement to an offering price of up to $2.6 million, according to an SEC filing. This move could lead to a dilution of existing shares, potentially impacting the stock price negatively in the short term.
The increase in the amount of common stock to be sold could lead to dilution of existing shares, which typically has a negative impact on the stock price in the short term.
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