Cibus Intends To Offer Shares Of Its Class A Common Stock Via Public Offering; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Cibus plans a public offering of its Class A Common Stock, with no terms disclosed yet. The company may allow underwriters a 45-day option to purchase an additional 15% of shares. Existing investors and CEO Rory Riggs show interest in buying shares.
September 17, 2024 | 8:49 pm
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Cibus is planning a public offering of its Class A Common Stock, with a potential 15% additional purchase option for underwriters. Key investors and the CEO are interested in buying shares.
The announcement of a public offering can have mixed effects on stock prices. While it may dilute existing shares, the interest from key investors and the CEO could signal confidence in the company's future, balancing the impact.
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