GRI Bio shares are trading lower after the company announced an increase to the shares of common stock to sell under its At The Market Offering Agreement with H.C. Wainwright & Co.
Portfolio Pulse from Benzinga Newsdesk
GRI Bio shares are trading lower following the company's announcement to increase the shares of common stock available for sale under its At The Market Offering Agreement with H.C. Wainwright & Co.
July 29, 2024 | 5:15 pm
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GRI Bio shares are trading lower after the company announced an increase in the shares of common stock available for sale under its At The Market Offering Agreement with H.C. Wainwright & Co.
The increase in shares available for sale typically dilutes the value of existing shares, leading to a decrease in stock price. This is reflected in the immediate trading lower of GRI Bio shares.
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IMPORTANCE 80
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