Reported Earlier, GeoVax To Raise $5M Through Sale Of 975,610 Shares At $5.125 Each In At-the-Market Offering
Portfolio Pulse from Benzinga Newsdesk
GeoVax Labs, Inc. is raising $5 million through an at-the-market offering by selling 975,610 shares at $5.125 each.
August 29, 2024 | 6:49 am
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GeoVax Labs, Inc. is conducting an at-the-market offering to raise $5 million by selling 975,610 shares at $5.125 each.
The at-the-market offering will increase the number of shares available, potentially diluting the value of existing shares. This could lead to a short-term decrease in stock price as the market adjusts to the increased supply.
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