Entero Therapeutics Files For Shelf Of Up To 3.5M Shares Of Common Stock By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Entero Therapeutics has filed with the SEC for a shelf offering of up to 3.5 million shares of common stock by selling stockholders.
July 26, 2024 | 8:21 pm
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Entero Therapeutics has filed for a shelf offering of up to 3.5 million shares of common stock by selling stockholders, which could lead to increased supply and potential downward pressure on the stock price.
The filing for a shelf offering indicates that up to 3.5 million shares could be sold by stockholders, increasing the supply of shares in the market. This typically leads to downward pressure on the stock price as the market absorbs the additional shares.
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