Kymera Therapeutics shares are trading lower after the company began a $200 million public offering of common stock and pre-funded warrants.
Portfolio Pulse from Benzinga Newsdesk
Kymera Therapeutics shares declined following the announcement of a $200 million public offering of common stock and pre-funded warrants.
August 19, 2024 | 8:30 pm
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Kymera Therapeutics shares are trading lower due to the announcement of a $200 million public offering of common stock and pre-funded warrants. This move may dilute existing shares, leading to a negative short-term impact on the stock price.
The announcement of a public offering typically leads to a decrease in stock price due to potential dilution of existing shares. Investors may react negatively in the short term as the market adjusts to the increased supply of shares.
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