Vericel Corp Files For Mixed Shelf Offering; Size Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Vericel Corp has filed for a mixed shelf offering, though the size of the offering has not been disclosed.
August 16, 2024 | 8:08 pm
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Vericel Corp has filed for a mixed shelf offering, but the size of the offering has not been disclosed. This could lead to potential dilution of shares, affecting the stock price in the short term.
A mixed shelf offering allows the company to issue various types of securities, which could lead to dilution of existing shares. The lack of disclosure on the size adds uncertainty, likely causing short-term downward pressure on the stock price.
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