Eyenovia shares are trading lower after the company announced the pricing of a $5.14 million offering of 12.850 million shares at a price of $0.40 per share.
Portfolio Pulse from Benzinga Newsdesk
Eyenovia's stock is trading lower following the announcement of a $5.14 million offering, pricing 12.850 million shares at $0.40 each.
August 21, 2024 | 3:28 pm
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Eyenovia's stock is experiencing a decline due to the announcement of a $5.14 million share offering, with 12.850 million shares priced at $0.40 each.
The announcement of a share offering typically leads to a decrease in stock price due to dilution concerns. The offering price of $0.40 per share is likely below the current market price, contributing to the downward pressure on the stock.
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