Precigen shares are trading lower after the company announced the pricing of a $30 million public offering of 35,294,118 shares at $0.85/share.
Portfolio Pulse from Benzinga Newsdesk
Precigen shares are trading lower following the announcement of a $30 million public offering, pricing 35,294,118 shares at $0.85 each.
August 08, 2024 | 11:48 am
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Precigen shares are trading lower after the company announced a $30 million public offering, pricing 35,294,118 shares at $0.85 each.
The announcement of a public offering typically leads to a dilution of existing shares, which can negatively impact the stock price in the short term. The pricing of the shares at $0.85 each, which may be below the current market price, further contributes to the downward pressure on the stock.
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IMPORTANCE 80
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