Catheter Precision shares are trading lower after the company announced the pricing of a $3.1 million underwritten public offering.
Portfolio Pulse from Benzinga Newsdesk
Catheter Precision's shares fell following the announcement of a $3.1 million underwritten public offering, which may dilute existing shareholders' value.
August 30, 2024 | 3:10 pm
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Catheter Precision's shares are trading lower due to the announcement of a $3.1 million underwritten public offering, which could lead to share dilution.
The announcement of a public offering often leads to a decrease in share price due to potential dilution of existing shares. Investors may react negatively as their ownership percentage could decrease.
CONFIDENCE 90
IMPORTANCE 80
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