Centessa Pharmaceuticals Announces $150M Proposed Public Offering Of American Depositary Shares
Portfolio Pulse from Benzinga Newsdesk
Centessa Pharmaceuticals (NASDAQ:CNTA) announced a $150 million public offering of American Depositary Shares. The offering includes a 30-day option for underwriters to purchase an additional $22.5 million of ADSs. The offering is subject to market conditions.
September 11, 2024 | 8:05 pm
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Centessa Pharmaceuticals is conducting a $150 million public offering of ADSs, potentially increasing to $172.5 million with underwriters' option. This could lead to stock price volatility.
The announcement of a public offering often leads to stock price volatility due to potential dilution of shares. The offering's completion and terms are uncertain, adding to the potential for short-term price fluctuations.
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