Terns Announces $125M Proposed Public Offering
Portfolio Pulse from Benzinga Newsdesk
Terns Pharmaceuticals has announced a proposed public offering to raise $125 million. This move is likely aimed at funding its operations and advancing its drug development pipeline.
September 09, 2024 | 8:02 pm
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Terns Pharmaceuticals has announced a proposed public offering to raise $125 million. This could lead to short-term stock price volatility as the market reacts to the dilution of shares.
The announcement of a public offering typically leads to a short-term decrease in stock price due to the dilution of existing shares. Investors may react negatively in the short term as the market adjusts to the increased number of shares.
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