Precigen Proposes $30M Public Offering Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Precigen, Inc. (NASDAQ:PGEN) has announced a $30 million underwritten public offering of its common stock, with an additional 30-day option for underwriters to purchase up to $4.5 million more. The offering's completion is subject to market conditions.
August 06, 2024 | 8:26 pm
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Precigen, Inc. has announced a $30 million public offering of its common stock, with an additional option for underwriters to purchase up to $4.5 million more. The offering's completion is subject to market conditions.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution concerns. The offering's completion is also uncertain, adding to potential volatility.
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