Cibus Prices 3M Share Common Stock Offering At $4/Share
Portfolio Pulse from Benzinga Newsdesk
Cibus has announced a common stock offering of 3 million shares priced at $4 per share. This move is likely aimed at raising capital for the company.
September 18, 2024 | 12:26 pm
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Cibus is conducting a common stock offering of 3 million shares at $4 each. This could lead to a short-term decrease in stock price due to dilution but may provide the company with necessary capital.
The issuance of new shares typically results in stock dilution, which can lead to a decrease in the stock price in the short term. However, the capital raised could be beneficial for Cibus's operations or growth plans.
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