Viridian Therapeutics Announces $150M Proposed Underwritten Public Offering of Common Stock and Preferred Stock
Portfolio Pulse from Benzinga Newsdesk
Viridian Therapeutics has announced a proposed underwritten public offering to raise $150 million through the sale of common and preferred stock. This move is likely aimed at raising capital for future growth and development.
September 10, 2024 | 8:01 pm
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Viridian Therapeutics is planning a $150 million public offering of common and preferred stock. This capital raise is likely intended to fund future growth and development initiatives.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution concerns. However, the raised capital could be beneficial for long-term growth, which might mitigate the negative impact.
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