Aileron Therapeutics Got Into Equity Distribution Agreement, May Offer & Sell Shares Of Our Common Stock From Time To Time Of Up To $50M
Portfolio Pulse from Benzinga Newsdesk
Aileron Therapeutics has entered into an equity distribution agreement, allowing the company to offer and sell shares of its common stock up to $50 million, according to an SEC filing.
July 26, 2024 | 8:38 pm
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Aileron Therapeutics has entered into an equity distribution agreement, allowing the company to offer and sell shares of its common stock up to $50 million. This move could potentially dilute existing shares but also provide the company with necessary capital.
The equity distribution agreement allows Aileron Therapeutics to raise up to $50 million by selling common stock. While this can provide the company with much-needed capital, it may also lead to dilution of existing shares, which could negatively impact the stock price in the short term.
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