Eyenovia Plans To Offer, Sell Shares Of Its Common Stock Or Pre-funded Warrants In Lieu Thereof, Via Offering; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Eyenovia plans to offer and sell shares of its common stock or pre-funded warrants. The proceeds will be used for commercialization, clinical studies, and general corporate purposes.
August 20, 2024 | 9:12 pm
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Eyenovia plans to offer shares or pre-funded warrants to raise funds for commercialization, clinical studies, and general corporate purposes.
The announcement of a share offering typically leads to a short-term decrease in stock price due to potential dilution. The funds will be used for commercialization and clinical studies, which are positive long-term but may not offset the immediate dilution effect.
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IMPORTANCE 80
RELEVANCE 100