Oragenics Prices $4.45M Public Offering Of 8,106,584 Shares At $0.55/Share
Portfolio Pulse from Benzinga Newsdesk
Oragenics has announced a public offering of 8,106,584 shares priced at $0.55 per share, aiming to raise $4.45 million.
September 04, 2024 | 12:40 pm
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Oragenics is conducting a public offering of 8,106,584 shares at $0.55 per share, aiming to raise $4.45 million. This could lead to a short-term decrease in stock price due to dilution.
The public offering increases the number of shares outstanding, which typically leads to dilution and a potential decrease in stock price. The offering price of $0.55 may also set a short-term price ceiling.
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