Lightwave Logic shares are trading lower after the company filed on Friday to sell $100M of common stock.
Portfolio Pulse from Benzinga Newsdesk
Lightwave Logic shares are trading lower after the company filed on Friday to sell $100M of common stock.
July 29, 2024 | 3:36 pm
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Lightwave Logic shares are trading lower following the company's filing to sell $100M of common stock. This move could dilute existing shares, leading to a negative short-term impact on the stock price.
The filing to sell $100M of common stock suggests potential dilution of existing shares, which typically leads to a decrease in stock price as the market adjusts to the increased supply of shares.
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